Binance Assures to Continue its Efforts to Obtain A MiCA License in The EU

The regulatory future of Binance in Europe raises new questions after the publication of a Reuters article mentioning a possible rejection of its authorization request. According to this information, the platform might not obtain its MiCA license before the deadline set by the European Union. Faced with this situation, the company quickly reacted by contesting these statements and reaffirming its intention to continue its procedures with the competent authorities.

Binance Disputes The Information Published By Reuters

As the European regulatory deadline approaches, the crypto sector’s preparedness remains uneven. While only 7% of European companies would be ready to fully meet MiCA requirements, several players continue their compliance efforts. In this context, and according to a Reuters report published on June 16, quoting two sources close to the matter, the application submitted by Binance to the Hellenic Capital Market Commission might be rejected before June 30.

According to the media outlet, the lack of authorization would prevent Binance from continuing to offer its services in the 27 member states of the European Union starting in July. This situation would represent a major setback for the platform, which is seeking to secure its presence in the European market under new rules applicable to crypto-assets.

Reuters also believes such a scenario could extend uncertainties surrounding Binance’s European activities. However, no official confirmation had been communicated by the relevant authorities at the time of publication of this information.

In response, Binance has firmly disputed these claims. The company states it has received no official signal indicating a rejection of its request. It also highlights that discussions with regulators are ongoing and that the review process is still underway.

MiCA at The Heart of The Platform’s European Future

The MiCA regulation now requires crypto-asset sector companies to obtain authorization issued by a national regulator in order to operate throughout the European Union. This framework aims to harmonize the rules applicable to players in the cryptocurrency market.

In this context, obtaining a MiCA license is an essential step for platforms wishing to continue their activities in the region. Reuters believes that a rejection of the application would create a period of uncertainty for Binance’s European operations.

For its part, the company states it has worked closely with regulatory authorities over the last eighteen months to meet MiCA requirements. It also indicates understanding that the review conducted by Greek authorities concluded its dossier’s compliance, while specifying that no negative decision has been notified to it.

Furthermore, the company recalls that it has significant resources dedicated to regulatory compliance worldwide, aiming to adapt to the new obligations of the MiCA framework.

A Strategy Maintained Despite Uncertainties

Despite the information relayed by Reuters, Binance assures it remains fully committed to the European market. The company insists on its determination to obtain the necessary authorization and to continue its exchanges with regulatory bodies.

Richard Teng, CEO of Binance, reaffirmed this position in a post on the social network X. He wrote:

Please rest assured that your assets remain secure, are and will remain accessible at all times. Our intention is to support an orderly process and minimize disruption to our users. We will provide a further update prior to June 30, 2026.

Richard Teng, CEO of Binance

Meanwhile, Binance seeks to reassure its users. The company states that asset security remains guaranteed and that its priority is to limit any potential disruption to clients. Richard Teng also indicated that a new communication should be issued before June 30, 2026.

If Binance ultimately does not obtain the MiCA authorization within the scheduled deadlines, the company would face one of its most important regulatory challenges in Europe since the entry into force of this framework. For now, exchanges with the authorities continue, and the company asserts it is actively pursuing its procedures while awaiting further developments in the case in the coming weeks.