Key facts
- Binance's application for a MiCA license in Greece is reportedly set to be denied.
- The rejection could lead Binance to halt services across the European Union.
- Binance claims it meets all EU crypto license requirements.
- The exchange is reportedly preparing to cease EU services by the end of the month.
Binance is reportedly preparing to cease services in the European Union as its application for a MiCA license in Greece is expected to be denied. The exchange claims it meets EU requirements, contradicting reports.
Multiple reports indicate that Binance's bid for a license in Greece, which would enable it to operate across the EU under the Markets in Crypto-Assets (MiCA) regulation, is likely to be rejected. This potential rejection could force the cryptocurrency exchange to halt its services within the EU as early as the end of the month.
Despite these reports, Binance has stated that it meets all the necessary requirements for EU crypto licensing.