Binance Expected to Lose EU MiCA License, Forcing Exit from European Market
Binance, the world’s largest cryptocurrency exchange, is set to have its application for a license under the EU’s Markets in Crypto-Assets (MiCA) regulation rejected by Greece’s Hellenic Capital Market Commission. Without the license, Binance will be unable to offer services across all 27 EU member states after the June 30, 2026 deadline. The company disputes the rejection, claiming it met all requirements. The decision marks a major regulatory setback and increased European oversight of crypto exchanges.
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Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach
Binance co-CEO Richard Teng stated at the Reuters NEXT Asia summit that the EU's Markets in Crypto-Assets (MiCA) regulation is backfiring. According to Binance data, 70% of funds withdrawn by affected EU users after Binance pulled its MiCA license application in Greece went to self-hosted wallets, not licensed rivals. Only 30% moved to regulated platforms. Teng, a former regulator, argued this undermines MiCA's protective intent, as self-custody lacks AML and KYC controls. Binance stopped serving new EU customers on July 1, 2026, coinciding with its heaviest weekly outflows in over three years. The debate comes as European authorities review MiCA's practical enforcement, including a custody review. Supporters of self-custody counter that holding private keys removes counterparty risk from exchange failures. The outcome will shape how regulators judge MiCA's effectiveness.
Yahoo FinanceBinance and Changpeng Zhao Sued for $200 Million by British Investors
Binance and its founder Changpeng Zhao are facing a $200 million (£150 million) lawsuit in the UK filed by nearly 1,700 British investors. The lawsuit, reported by Reuters, alleges the exchange offered complex and risky derivative products, such as leveraged trading, to retail customers without regulatory approval in late 2019. The UK Financial Conduct Authority (FCA) banned crypto derivatives for retail customers in October 2020, citing their unsuitability, with the ban taking effect in January 2021. Binance has declined to comment on the active litigation but said it would defend the claims. Separately, the exchange recently withdrew its Markets in Crypto Assets (MiCA) license application in Greece, complicating its ability to serve EU users from July 1, though it plans to reapply through another member state.
Yahoo FinanceBinance To No Longer Provide Service In Europe
Cryptocurrency exchange Binance, the world's largest by trading volume, has announced it will suspend services across the European Union after failing to secure an operating license in Greece by the July 1 deadline. European users received emails stating the exchange is no longer accepting new registrations and will restrict services across the EU. Binance had sought a license in Greece to gain access to all 27 EU member states, but Greek authorities reportedly had concerns about Binance's past conduct and internal controls. Binance indicated it plans to try to secure a license in another European country, possibly France, in the coming months. For now, its future in Europe remains uncertain and operations are suspended.
Yahoo FinanceBinance to Halt EU Services After Failing to Obtain MiCA License
Cryptocurrency exchange Binance will stop providing services to European Union clients starting next week, as it failed to secure a bloc-wide license under the EU's Markets in Crypto-Assets Regulation (MiCA) by the July 1 deadline. According to a Financial Times report, Binance's license application in Greece was rejected last week. The company stated it will pursue authorization in another EU member state, likely France, but approval is not expected before the deadline. Binance customers in Poland, Italy, Spain, and France have received emails with instructions on how to withdraw funds. The exchange faces a history of regulatory and criminal issues, including a 2023 guilty plea for money laundering, a French investigation, and a UK ban. Rivals such as Bitpanda and OKX have publicly positioned themselves as compliant alternatives.
US Top News and AnalysisBinance Withdraws European License Application in Greece
Cryptocurrency exchange Binance has withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece, which would have allowed it to operate across the European Union. The move comes amid reports that Greek regulators planned to reject the application due to concerns over the exchange's past legal issues and corporate structure. With the EU's July 1 deadline approaching, unlicensed firms must wind down European crypto activities. Binance stated it is not leaving Europe and plans to seek authorization in another European country. The company assured that user funds remain safe and will directly communicate with affected European users about account changes before the deadline.
Yahoo FinanceExclusive: Binance Vows to Stay in Europe Despite Licence Setback
Binance, a major cryptocurrency platform, has vowed to remain in the European Union despite a significant setback in its licensing efforts. Gillian Lynch, Binance's head of Europe and the UK, stated the company will seek alternative regulatory pathways after its application for a license in Greece failed. Sources indicate that Binance has held talks with regulators in Ireland, Latvia, and Greece but faced resistance in all three countries due to concerns over past penalties for money laundering, the company's complex international structure, and a perceived risk-taking culture. With only one week before its current permission to operate in the EU expires, Binance risks being forced to wind down its operations. The company asserts it has invested heavily in compliance and has no outstanding issues related to its application.
Yahoo FinanceBinance To Lose European Operating License: Reports
Multiple media reports indicate that Binance, the world's largest cryptocurrency exchange, is likely to lose its operating license in the European Union. Under new EU rules, crypto exchanges must apply for a new license by the end of June 2026 to continue serving European clients. Binance's application, submitted to Greece's market regulator, is reportedly set to be rejected as European regulators seek to tighten oversight of cryptocurrency trading. A rejection would effectively shut Binance out of the lucrative European market, leaving its customers in limbo. Binance, which has 300 million customers globally, has been pursuing a new European license for 18 months and claims its operations are compliant. Without a license, Binance cannot operate in the EU starting July 1, 2026. The company stated on social media it intends to support an orderly process and minimize disruption to users.
Yahoo FinanceBinance To Lose European Operating License: Reports
Multiple media reports indicate that Binance, the world's largest cryptocurrency exchange, is likely to lose its operating license in the European Union. Under new EU rules, crypto exchanges must apply for a new license by the end of June 2026 to continue serving European clients. Binance's application, submitted to Greece's market regulator, is reportedly set to be rejected as European regulators seek to tighten oversight of cryptocurrency trading. A rejection would effectively shut Binance out of the European market, leaving its 300 million global customers in limbo. Binance has stated it intends to support an orderly process and minimize disruption, but has not provided further details. The company has been pursuing a new European operating license for the past 18 months and previously claimed compliance with EU rules. Without a license, Binance would be unable to operate in the EU starting July 1, 2026.
Yahoo FinanceBinance's EU MiCA Licence Bid Set for Rejection: Report
According to a Reuters report, Binance's application for a licence under the EU's Markets in Crypto-Assets (MiCA) framework, submitted through Greece's Hellenic Capital Market Commission (HCMC), is on the verge of rejection. Under MiCA, crypto firms must secure authorisation in an EU member state by the end of June to continue servicing customers across the bloc. If the Greek application is rejected, Binance would lose permission to serve EU clients from July. Binance disputed the report, stating that the HCMC completed its review and considered the application compliant, but that it was subject to further review at the European Securities and Markets Authority (ESMA) level. The exchange said it remains committed to European users and will provide an update before 30 June. The HCMC declined to comment, citing confidentiality rules.
Yahoo FinanceBinance Set to Lose EU Operating License as Greece Poised to Reject MiCA Application
Binance, the world's largest cryptocurrency exchange, is reportedly facing rejection of its Markets in Crypto-Assets (MiCA) license application by Greek regulators, the Hellenic Capital Market Commission (HCMC). This would prevent Binance from legally serving EU customers after the July 1 MiCA transition deadline. The rejection would force Binance to halt services across all 27 EU member states, as MiCA requires authorization from a national regulator to passport services across the bloc. Competitors including Coinbase, Kraken, and Bitstamp have already secured MiCA licenses. ESMA data shows only about 223 crypto-asset service providers have received MiCA authorization, compared to over 3,000 previously operating under national regimes. Binance claims it has met all requirements and worked with regulators for 18 months, but the final decision appears imminent. The HCMC has declined to comment due to confidentiality.
Yahoo FinanceBinance set to lose permission to operate in EU, sources say
Binance, the world's largest cryptocurrency exchange, is expected to lose its permission to serve European Union clients starting next month, according to two sources familiar with the matter. Under the new EU MiCA regulations, crypto firms must obtain a license by the end of June to continue operating across the bloc. Binance's license application, submitted to Greece's market regulator (Hellenic Capital Market Commission), is set to be rejected. This would prevent Binance from using the 'passport' system to operate in all 27 EU member states. Binance stated it believed it met MiCA requirements and that Greece's regulator had completed its review considering the application compliant. However, HCMC declined to comment. Without a license, Binance cannot operate in the EU from July 1, 2026. The company posted it intends to support an orderly process and minimize user disruption, promising a further update before June 30. EU regulators aim to bring oversight to the crypto industry following warnings about market destabilization and investor harm.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Binance Could Lose E.U. Access Amid Licensing Hurdle
Binance faces the potential loss of its European Union access after reports that its application for a MiCA license in Greece is expected to be denied by the Hellenic Capital Market Commission. The decision comes just two weeks before the EU's July 1st legislative cutoff, after which unlicensed crypto firms will be in violation of bloc-wide law. Greece was Binance's chosen EU jurisdictional foothold, and the exchange's co-CEO Richard Teng had selected it over larger EU markets for its workforce and regulatory posture. Binance claims its application went through an 18-month process and that it believes it cleared MiCA's requirements, with its review considered compliant at one point. The HCMC declined to comment on confidentiality grounds. If the license is denied, Binance may have to pause services for EU clients at the end of June 2026.
Yahoo FinanceBinance Could Lose E.U. Access Amid Licensing Hurdle
Binance faces the potential loss of access to the European Union market after its application for a MiCA license in Greece is expected to be denied by the Hellenic Capital Market Commission (HCMC). The decision, reported by Reuters, comes just two weeks before the EU's July 1st legislative cutoff, after which unlicensed crypto firms will be in violation of bloc-wide law. Greece was Binance's chosen EU jurisdictional foothold, and the exchange's co-CEO Richard Teng had selected it over larger EU markets for its workforce and regulatory posture. A Binance spokesperson stated the application underwent an 18-month process and that the company believes it met MiCA's requirements, with its review once considered compliant. The HCMC declined to comment on confidentiality grounds. If the denial proceeds, Binance may have to pause services for EU clients at the end of June 2026.
Yahoo FinanceBinance set to lose EU licence bid, permission to offer services in the bloc: sources
According to sources, Binance is expected to lose its bid for a licence under the European Union's Markets in Crypto-Assets (MiCA) regulation, which would prevent it from offering services in the bloc starting July. A Binance spokesperson stated that the company believes it has met all relevant requirements for MiCA authorisation. The report, published by The Business Times on June 16, 2026, cites unnamed sources and notes that without a licence, Binance would not qualify to continue operating in the EU from the start of July. The outcome could significantly impact Binance's European operations and the broader crypto market in the region.
The Business TimesBinance set to lose EU licence bid, permission to offer services in the bloc: sources
Binance, the global cryptocurrency exchange, is reportedly set to fail in its bid to obtain a license under the European Union's Markets in Crypto-Assets (MiCA) regulation, according to sources cited by The Business Times. This would mean the loss of permission to offer services across the bloc starting July 2026. A company spokesperson stated that Binance believes it has met all relevant requirements for MiCA authorization. The rejection, if confirmed, would force Binance to cease operations in the EU, marking a significant regulatory setback for the prominent crypto exchange.
The Business TimesBinance Reportedly Denied MiCA License by Greece, Losing EU Market Access
On June 16, 2026, Reuters reported that Greece's Hellenic Capital Market Commission (HCMC) is set to reject Binance's application for a Markets in Crypto-Assets (MiCA) license. If finalized, this decision would block Binance from operating across the 27-nation European Union after the MiCA transitional period ends on July 1, 2026. Binance submitted its application in January 2026 through a Greek subsidiary, with Co-CEO Richard Teng expressing confidence in meeting the deadline. However, the exchange now faces a major regulatory setback. Binance disputes the report, stating that HCMC completed its review and found the application compliant, and that no formal rejection has been announced. The HCMC declined to comment due to confidentiality rules. Competitors like Coinbase and Kraken, which already have MiCA licenses, stand to gain users. The news may cause short-term volatility for BNB and broader crypto markets.
Yahoo FinanceBinance Set to Lose EU Licence Bid, Permission to Offer Services in the Bloc
Binance, the world's largest cryptocurrency exchange, is expected to lose its bid for a license under the EU's new Markets in Crypto-Assets (MiCA) regulation, according to two sources familiar with the matter. The company applied to Greece's Hellenic Capital Market Commission (HCMC) for a MiCA license, which would allow it to continue operating in the European Union after the June deadline. The application is set to be rejected, sources said, though HCMC declined to comment due to confidentiality rules. Without the license, Binance would be unable to offer services in the EU from July. Binance disputed this, stating it believes it met MiCA requirements and that HCMC had not formally indicated rejection. Co-CEO Richard Teng had previously expressed confidence in Greece as a regulatory home. The decision would force Binance to cease EU operations under the new regime.
Yahoo FinanceExclusive: Binance Set to Lose Permission to Operate in EU
Binance, the world's largest cryptocurrency exchange, is expected to lose its permission to serve European Union clients after its license application under the new MiCA regulations is set to be rejected by Greece's Hellenic Capital Market Commission (HCMC), according to two sources familiar with the matter. Under MiCA, crypto firms must obtain a license from an EU member state by the end of June to operate across the bloc. The rejection would leave the fate of Binance's EU-based customers uncertain. Binance stated it intends to support an orderly process and minimize disruption, and will provide an update before June 30, 2026. The company believes it has met MiCA requirements, while HCMC declined to comment. The development highlights ongoing European regulatory efforts to oversee the crypto industry, contrasting with eased U.S. regulation under the Trump administration.
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