Binance is looking for alternative ways to remain in the European Union after its bid for a license in Greece failed, putting its regional operations at risk before a key regulatory deadline.
Encryption exchange
exchange
A stock exchange is defined as a market that supports the trading of derivatives, commodities, securities and other financial instruments. In general, a stock exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to conduct trading. One of the main responsibilities of the stock exchange is to support honest and fair trading practices. It is useful in ensuring the effectiveness of the price distribution of supported securities on that exchange
A stock exchange is defined as a market that supports the trading of derivatives, commodities, securities and other financial instruments. In general, a stock exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to conduct trading. One of the main responsibilities of the stock exchange is to support honest and fair trading practices. It is useful in ensuring the effectiveness of the price distribution of supported securities on that exchange
Read this term It must receive approval under the EU’s Markets for Cryptoassets (MiCA) framework by the end of June to continue serving clients across the bloc. Without a license from a member state, companies must stop operating.
According to Reuters, Gillian Lynch, Binance’s head of Europe and the UK, said the company remains committed to the region despite the setback. “Binance is not leaving Europe,” Lynch said. He added: “We may have a different path to obtain the permit. If it is not Greece, then I am looking for other alternatives.”
Exclusive: Binance vows to stay in Europe despite licensing setback https://t.co/vShsRewaTb https://t.co/vShsRewaTb
— Reuters Business (@ReutersBiz) June 24, 2026
The company has held discussions with regulators in Ireland, Latvia and Greece. But the sources said that the authorities in those countries resisted approving the request. Binance has only made one official application in Greece.
Continue reading: Binance says it “remains fully committed to securing a MiCA license” as Brexit risks emerge
The European Securities and Markets Authority has warned that companies without a license must wind down their operations in an orderly manner, increasing pressure on Binance as the deadline approaches.
Regulatory scrutiny remains high
Regulators have raised concerns about Binance’s compliance record, company structure, and risk management approach. Officials also examined the background of senior executives and previous anti-money laundering controls.
In 2023, Founder Changpeng Zhao pleaded guilty to violating the US Anti-Money Laundering Act The laws are part of a $4.3 billion settlement. Authorities said Binance failed to report thousands of suspicious transactions. One source cited Zhao’s continued influence as a concern. Lynch said he was “100% removed” from the company.
She added that Binance has strengthened its compliance systems and now employs about 1,500 people compliance
compliance
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
Read this term Staff. The company confirms that it meets MiCA requirements and expected approval in Greece.
Regulatory bodies across Member States have coordinated their responses to ensure consistent implementation under MiCA. The authorities warned that weak supervision could expose markets to risks such as illicit financing and harm to investors.
MiCA deadline approaches without license approval
Last week, Binance said it remains fully committed to securing a MiCA license as the risk of losing EU access before the June deadline grows. The exchange faces a possible rejection of its application in Greece, which will prevent it from offering services across the bloc from July.
Under MiCA rules, cryptocurrency companies must obtain approval from a national regulator for “passporting” services in all 27 EU countries, or cease operations. Binance said it has been working with regulators for about 18 months and believes it meets the requirements. The company added that it had dealt with Greece’s regulatory body in good faith and expected to support an orderly process if approval was not achieved.
It also stated that Europe remains central to its long-term plans and that it will provide an update before the June 30 deadline, with a focus on minimizing disruption to users.
Binance is looking for alternative ways to remain in the European Union after its bid for a license in Greece failed, putting its regional operations at risk before a key regulatory deadline.
Encryption exchange
exchange
A stock exchange is defined as a market that supports the trading of derivatives, commodities, securities and other financial instruments. In general, a stock exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to conduct trading. One of the main responsibilities of the stock exchange is to support honest and fair trading practices. It is useful in ensuring the effectiveness of the price distribution of supported securities on that exchange
A stock exchange is defined as a market that supports the trading of derivatives, commodities, securities and other financial instruments. In general, a stock exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to conduct trading. One of the main responsibilities of the stock exchange is to support honest and fair trading practices. It is useful in ensuring the effectiveness of the price distribution of supported securities on that exchange
Read this term It must receive approval under the EU’s Markets for Cryptoassets (MiCA) framework by the end of June to continue serving clients across the bloc. Without a license from a member state, companies must stop operating.
According to Reuters, Gillian Lynch, Binance’s head of Europe and the UK, said the company remains committed to the region despite the setback. “Binance is not leaving Europe,” Lynch said. He added: “We may have a different path to obtain the permit. If it is not Greece, then I am looking for other alternatives.”
Exclusive: Binance vows to stay in Europe despite licensing setback https://t.co/vShsRewaTb https://t.co/vShsRewaTb
— Reuters Business (@ReutersBiz) June 24, 2026
The company has held discussions with regulators in Ireland, Latvia and Greece. But the sources said that the authorities in those countries resisted approving the request. Binance has only made one official application in Greece.
Continue reading: Binance says it “remains fully committed to securing a MiCA license” as Brexit risks emerge
The European Securities and Markets Authority has warned that companies without a license must wind down their operations in an orderly manner, increasing pressure on Binance as the deadline approaches.
Regulatory scrutiny remains high
Regulators have raised concerns about Binance’s compliance record, company structure, and risk management approach. Officials also examined the background of senior executives and previous anti-money laundering controls.
In 2023, Founder Changpeng Zhao pleaded guilty to violating the US Anti-Money Laundering Act The laws are part of a $4.3 billion settlement. Authorities said Binance failed to report thousands of suspicious transactions. One source cited Zhao’s continued influence as a concern. Lynch said he was “100% removed” from the company.
She added that Binance has strengthened its compliance systems and now employs about 1,500 people compliance
compliance
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
Read this term Staff. The company confirms that it meets MiCA requirements and expected approval in Greece.
Regulatory bodies across Member States have coordinated their responses to ensure consistent implementation under MiCA. The authorities warned that weak supervision could expose markets to risks such as illicit financing and harm to investors.
MiCA deadline approaches without license approval
Last week, Binance said it remains fully committed to securing a MiCA license as the risk of losing EU access before the June deadline grows. The exchange faces a possible rejection of its application in Greece, which will prevent it from offering services across the bloc from July.
Under MiCA rules, cryptocurrency companies must obtain approval from a national regulator for “passporting” services in all 27 EU countries, or cease operations. Binance said it has been working with regulators for about 18 months and believes it meets the requirements. The company added that it had dealt with Greece’s regulatory body in good faith and expected to support an orderly process if approval was not achieved.
It also stated that Europe remains central to its long-term plans and that it will provide an update before the June 30 deadline, with a focus on minimizing disruption to users.
