- Binance states it remains fully committed to operations in the European Union despite regulatory challenges.
- The exchange’s license application to Greece is reportedly set for rejection, putting its EU-wide passport at risk.
- The company promises a further update before the MiCA compliance deadline of June 30, 2026.
In a decisive statement on Tuesday, Binance confirmed its commitment to European customers amidst reports it could lose its operating license in the bloc. This follows a blog post where the exchange addressed concerns raised by recent media coverage. However, sources indicate its application to Greece’s market regulator is about to be rejected.
Consequently, this potential rejection under the Markets in Crypto-Assets (MiCA) framework threatens Binance‘s ability to serve the entire EU from next month. The firm stated, “Europe remains central to our long-term plans” and expressed support for the regulatory framework. Meanwhile, the fate of its EU customers hangs in the balance as the end-of-June deadline looms.
Binance has pledged to provide more details on next steps and options for users before the regulatory cutoff. The company aims to minimize disruption through an orderly process. It will share another update before the MiCA compliance date of June 30, 2026.
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