Binance’s CASP license bid in Greece expected to be rejected

Binance’s effort to secure authorization under the European Union’s MiCA regime remains under pressure ahead of the bloc’s July cutoff for unlicensed crypto firms. Reuters reported on June 16 that Greece’s Hellenic Capital Market Commission is expected to reject Binance’s application for a crypto-asset service provider, or CASP, license, reversing the earlier suggestion that the exchange had cleared a key stage in the process. Binance’s CEO said the company would provide additional information before June 30. The outcome matters because MiCA requires crypto firms serving the EU to operate with a license, and a rejection in Greece could complicate Binance’s ability to continue operating in the bloc after July. The HCMC has not commented publicly, citing confidentiality rules, while Binance has previously said it received no formal indication that its application would be denied and had worked constructively with regulators for the past 18 months. More than 50 crypto companies have already secured MiCA licenses across the EU, including competitors such as Kraken, KuCoin, Coinbase and OKX, leaving Binance’s Greek application as a closely watched test of how one of the industry’s largest exchanges navigates the new regime.