Binance may lose EU service rights as Greek MiCA license faces rejection

Binance's application for a Markets in Crypto-Assets (MiCA) license in Greece is expected to be rejected, a move that could cause the exchange to lose its authority to serve customers in the European Union, Reuters reported, citing two sources. Without the license, Binance would be unable to legally operate its cryptocurrency exchange within the EU's jurisdiction starting this July. Meanwhile, Binance stated that it has engaged in constructive discussions with Greek regulators over the past 18 months and believes it has met the necessary requirements for the EU license.