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Exclusive: Binance set to lose permission to operate in EU, sources say

Binance’s bid for a MiCA license in Greece is reportedly set to be rejected, threatening its ability to operate legally in the EU starting July 1. The exchange insists its application is compliant, but sources confirm a rejection is imminent. Millions of EU users could lose access to Binance services if no alternative approval emerges before the deadline.

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What changed

New sources confirm a near-certain rejection of Binance’s Greek MiCA license application, escalating the risk of a July service cutoff for EU clients.

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  1. Binance Faces EU License Rejection; Services at Risk from July 2026

    Binance’s bid for a MiCA license in Greece is reportedly set to be rejected, threatening its ability to operate legally in the EU starting July 1. The exchange insists its application is compliant, but sources confirm a rejection is imminent. Millions of EU users could lose access to Binance services if no alternative approval emerges before the deadline.

    What's confirmed:

    • Binance’s EU license application, processed through Greece, is expected to be rejected, preventing it from legally offering crypto services across the bloc under MiCA rules.
    • The rejection would trigger a mandatory cutoff of Binance services for EU users on July 1, 2026, as the MiCA transition period expires.
    • Binance has publicly reaffirmed its commitment to MiCA compliance and European user access, though its application remains under review by Greek regulators.
    • Sources familiar with the matter, including Reuters, report that Binance’s license bid is about to be denied, with no confirmed alternative approval path in the EU.

    Still unconfirmed:

    • Binance may explore local licensing alternatives within the EU to mitigate the impact of a Greek rejection, though no concrete plans have been confirmed.
    • Internal discussions suggest Binance could scale back or suspend EU operations entirely if no license is granted by the deadline.
    • Unverified reports claim Binance’s Greek application was flagged for non-compliance, though the exchange denies this and calls its submission fully compliant.
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