Crypto exchange Binance could lose access to the European Union next month after Greek regulators were set to reject the exchange's application under the bloc's new crypto rules, Reuters has learned, citing sources familiar with the matter.
Binance's application with Greece's Hellenic Capital Market Commission is expected to be turned down under the EU's Markets in Crypto-Assets regulation, known as MiCA, the report reads. Without approval before the end of June, the exchange wouldn't qualify to continue serving clients across the 27-country bloc from July.
- The reported setback would mark one of Binance's biggest regulatory challenges since MiCA came into force.
- Exchanges can apply for authorization in one member state and use that license to "passport" services across the EU.
Read also: Binance-linked Aster takes on Hyperliquid with prediction markets
Amid the report, Binance wrote in an X post on Tuesday that it "remains fully committed to securing our MiCA license and operating under a unified European framework."
Binance
A Binance spokesperson told Reuters the exchange understood Greece's regulator had completed its review and considered the exchange compliant.
More context: Ex-Binance CIS head gets five years in fraud case