Right now the issue is very current and unresolved. Greece’s financial regulator (HCMC) is reportedly set to reject Binance’s MiCA license application, according to Reuters sources cited on June 16, 2026. MiCA establishes a unified legal framework for crypto service providers across the EU, where approval from just one national regulator grants passporting rights to operate across all 27 member states . Binance chose Greece as its gateway, setting up a Greek holding company (Binary Greece) and submitting its application to the HCMC in January 2026 , partly because co-CEO Richard Teng cited Greece’s talent pool and security profile as advantages over larger financial centers .
The two sides disagree on the facts: Binance says the HCMC completed its review, considered the application compliant, and intended to progress it to authorization at an upcoming board meeting while Reuters’ sources say a rejection is coming anyway. The HCMC itself hasn’t commented publicly, citing confidentiality obligations around licensing reviews so the actual substantive grounds for any rejection haven’t been disclosed. The stakes are high because firms not authorized under MiCA may have to stop offering services in the EU starting July 1, 2026 when the transition period ends.
As for solutions, the realistic paths being discussed are: Binance could push back through an appeal or formal dispute with HCMC/ESMA if a rejection is finalized; it could pivot to applying in another EU member state under a fast-track process, though the compressed timeline before July 1 makes that difficult; or regulators could grant some kind of extension or grace period, though nothing like that has been confirmed. #Binance has said it will provide a fuller update on its European regulatory status before the end of June , so the next couple of weeks should clarify which route they’re actually taking.