Binance says it considers EU license compliant amid reports of potential rejection
Summary
Binance said Greece’s Hellenic Capital Market Commission completed its MiCA review and found the exchange’s application compliant, pending review by ESMA. The statement followed a Reuters report that EU regulators were preparing to reject Binance’s licensing bid, which could prevent it from legally serving EU residents after June 30. Binance warned that any delay could reduce liquidity, competition, and user choice, and push activity and tax revenue out of the EU. The company said it expects ESMA to move toward authorization at an upcoming board meeting and will update users by June 30. Binance applied in Greece in January. It also remains under scrutiny in the US after its 2023 settlement with federal authorities.
