Binance faces EU shutdown as Greece moves to reject MiCA license
What's next: Without approval by the end of June, the crypto exchange could lose access to EU clients starting in July.
Binance is poised to lose the right to serve customers across the European Union after Greek regulators moved toward rejecting its application under the bloc’s new crypto rules, according to two people familiar with the matter. Under the EU’s Markets in Crypto-Assets regime, or MiCA, crypto firms must secure authorization by the end of June to keep operating across the bloc. Binance filed its application with Greece’s Hellenic Capital Market Commission, which declined to comment because of confidentiality rules. Binance said it had worked with regulators for 18 months and believed its submission met MiCA requirements. A rejection would leave the world’s largest crypto exchange without a passport to offer services in the EU from the start of July.