Binance Responds to MiCA License Refusal Rumors
📊 Crypto exchange Binance has denied Reuters' information regarding a potential refusal to obtain a MiCA license in the European Union. The company stated that the review is already complete, and the submitted application fully complies with European regulatory requirements.
🔜 According to Reuters, the Greek regulator is allegedly preparing to reject Binance's application. However, the exchange claims it has not received any official notifications of refusal, and the review of documents took place not only at the national level but also with the involvement of ESMA.
🟢 Binance expects a final decision by June 30.
🟢 From July 1, 2026, crypto companies without a MiCA license will not be able to legally operate with clients from the EU.
🟢 Obtaining a license in one country allows servicing users in all 27 EU countries through the passporting mechanism.
🔈 Binance emphasized that this issue concerns not just one platform but the entire crypto market in Europe. According to the company, MiCA was created to unify rules, so the delay in the process after passing all stages of approval raises questions about the consistency of applying the new norms.
✍️ The exchange also reminded about its massive investments in compliance:
🔵 More than 1500 employees are working on meeting regulatory requirements.
🔵 Annual compliance costs exceed $200 million.
🔵 In December 2025, Binance received a full license from the Abu Dhabi Global Market (ADGM) regulator.
🏦 The company believes that potential restrictions on the largest crypto exchange in Europe could lead to reduced market liquidity, decreased competition, and capital outflows outside the EU.
📈 Trading on ByBit 🤖 Trading on Dragonfly 📱 YouTube
📱 TikTok
📊 Crypto exchange Binance has denied Reuters' information regarding a potential refusal to obtain a MiCA license in the European Union. The company stated that the review is already complete, and the submitted application fully complies with European regulatory requirements.
🔜 According to Reuters, the Greek regulator is allegedly preparing to reject Binance's application. However, the exchange claims it has not received any official notifications of refusal, and the review of documents took place not only at the national level but also with the involvement of ESMA.
🟢 Binance expects a final decision by June 30.
🟢 From July 1, 2026, crypto companies without a MiCA license will not be able to legally operate with clients from the EU.
🟢 Obtaining a license in one country allows servicing users in all 27 EU countries through the passporting mechanism.
🔈 Binance emphasized that this issue concerns not just one platform but the entire crypto market in Europe. According to the company, MiCA was created to unify rules, so the delay in the process after passing all stages of approval raises questions about the consistency of applying the new norms.
✍️ The exchange also reminded about its massive investments in compliance:
🔵 More than 1500 employees are working on meeting regulatory requirements.
🔵 Annual compliance costs exceed $200 million.
🔵 In December 2025, Binance received a full license from the Abu Dhabi Global Market (ADGM) regulator.
🏦 The company believes that potential restrictions on the largest crypto exchange in Europe could lead to reduced market liquidity, decreased competition, and capital outflows outside the EU.
📈 Trading on ByBit 🤖 Trading on Dragonfly 📱 YouTube
📱 TikTok
