Binance says its European regulatory application is compliant despite report of Greek rejection

Binance defends its European regulatory application as compliant, despite a report suggesting potential rejection by Greece's Hellenic Capital Market Commission.

In a rapidly evolving landscape for cryptocurrency regulation, Binance , the largest cryptocurrency exchanges in the world, is facing a potential hurdle in its quest to obtain a European regulatory license. A recent report from Reuters indicates that the Hellenic Capital Market Commission (HCMC) , the Greek regulatory authority, may reject Binance's application for a Markets in Crypto Assets (MiCA) license. However, Binance asserts that their application meets all necessary compliance requirements. Is Binance's Regulatory Path Clear? According to the Reuters report, which cites unnamed sources familiar with the situation, Binance's EU license application is poised for rejection. This news comes at a crucial time, as all crypto firms are required to have their MiCA licenses in place by the end of June 2026 to operate legally within the European Union. Despite the foreboding news, a spokesperson from Binance stated that the HCMC had concluded its review of the application positively. The spokesperson shared that the application was acknowledged as compliant with MiCA requirements, and it had also been assessed at the European Securities and Markets Authority (ESMA) level. These reviews are essential for Binance to maintain its operational capacity in Europe. What Steps Has Binance Taken? Over the past 18 months, Binance has put substantial effort into securing its MiCA license through a rigorous application process. The exchange chose Greece as its jurisdiction over Malta, reportedly establishing a Greek holding company specifically to facilitate the licensing process. The positive developments reported by Binance indicate that the HCMC has communicated with ESMA regarding its favorable view of the application, expressing intentions to move towards approval in an upcoming board meeting. What Could a Rejection Mean for Binance? A rejection of the MiCA license would significantly impact Binance's ability to serve its European customers. With the clock ticking down to th