Citing two sources familiar with the matter, Reuters reported that Greece’s markets regulator is expected to deny Binance’s application ahead of the June 30 license deadline.
“We have been pursuing a MiCA licence and have worked constructively with regulators over the past 18 months, including through a comprehensive application process with the HCMC in Greece,” a spokesperson for the exchange told Decrypt.
“Our understanding is that the HCMC completed its review of the application and considered it compliant with MiCA requirements,” they added.
Otherwise, it would need to cease operations across the European Union—a reality that Reuters says is likely imminent.
“Our priority is to minimize disruption and keep users informed. We will provide further details directly as additional information becomes available, including in relation to next steps and available options,” the firm posted on X.
A spokesperson for Binance told Decrypt that its understanding is that its MiCA application was reviewed at the ESMA level as well.
