Binance Withdraws MiCA Application in Greece, Faces Urgent EU Deadline
Binance has withdrawn its MiCA license application in Greece, raising concerns about its future in the EU as it must secure a new base by July 1 to avoid potential shutdown.
In a significant move, Binance has formally withdrawn its MiCA license application in Greece. This decision comes just one week after reports suggested that the application was likely to be denied.
The crypto exchange now faces a pressing deadline, as it must establish a home base within the European Union by July 1. Failure to do so could result in regulators forcing the company to cease operations, impacting millions of users across the region.
Despite this setback, Binance's co-CEO has expressed a commitment to securing a license to operate legally within the EU. The company is under pressure to navigate the regulatory landscape effectively in the coming days.
Updates
Update at 17:37 UTC on 2026-06-24
The Block reported The world's largest crypto exchange only has one week to secure a license in legally operate in the European Union. Decrypt reported Crypto exchange Binance formally withdrew its MiCA license application in Greece, one week after a report said it would be denied.
Sources: The Block, Decrypt