Binance’s effort to secure authorization under the European Union’s MiCA regime remains under pressure after Greece’s regulator moved toward rejecting a related application, leaving the exchange’s ability to keep serving EU users uncertain as the bloc’s new rules roll out. Reuters reported on June 16 that Greece’s Hellenic Capital Market Commission was moving to reject the exchange’s application, and subsequent reporting has pointed to France as the most closely watched remaining option. The timing is critical because MiCA allows a crypto-asset service provider licensed in one member state to passport services across all 27 EU countries, making approval in any one jurisdiction important for Binance’s regional business. French outlet The Big Whale reported on June 17 that France’s AMF may now be Binance’s only option to maintain EU market access through a MiCA application, while Cryptopolitan reported Binance had not formally applied there. Unverified claims have added a political dimension to the story. The Block reporter Gareth Jenkinson said on X that a reliable source told him European Central Bank President Christine Lagarde directly ordered Greece to reject Binance’s MiCA license application after the exchange had largely secured Greek regulatory approval. No official confirmation or public documentation has been provided. Binance has said it remains committed to its European users as regulatory uncertainty persists.