Binance faces EU setback as Greece set to reject MiCA bid

Binance, the world's largest cryptocurrency exchange, is facing a major regulatory challenge in Europe. Its application for a license under the European Union's new crypto framework is reportedly set to be rejected, potentially preventing the company from continuing to serve clients across the bloc after June. Two sources familiar with the matter told Reuters that Greece's Hellenic Capital Market Commission (HCMC) is expected to reject Binance's application for authorization under the EU's Markets in Crypto-Assets (MiCA) regulations. The decision would leave Binance without the approval required to operate across the 27-member European Union once the transitional period expires on July 1, 2026.