{"id":2122,"date":"2026-06-16T13:39:08","date_gmt":"2026-06-16T13:39:08","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2122"},"modified":"2026-06-16T13:39:08","modified_gmt":"2026-06-16T13:39:08","slug":"exclusive-binance-set-to-lose-eu-licence-bid-permission-to-offer-services-in-the-bloc-sources-say","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2122","title":{"rendered":"Exclusive: Binance set to lose EU licence bid, permission to offer services in the bloc, sources say"},"content":{"rendered":"<div><div>FRANKFURT, June 16 (Reuters) &#8211; Binance, the world&#8217;s largest crypto exchange, is set to lose permission to offer services \u200bto European Union clients within weeks as its application for a \u200clicence is about to be turned down, two people familiar with the matter told Reuters.<\/div><div>Under new EU rules, called MiCA, crypto companies have until the \u200bend of June to obtain a licence to allow them \u200bto continue operating across the bloc. Binance&#8217;s application, which was \u2060made to Greece&#8217;s market regulator, is set to be rejected, \u200bthe people said.<\/div><div>A representative for the Hellenic Capital Market Commission declined to \u200bcomment on Binance&#8217;s licence application, citing confidentiality rules. Without a licence, Binance would not qualify to continue operating in the EU from the start of July.<\/div><div>A \u200bBinance spokesperson said it has been pursuing a MiCA licence \u200band has worked constructively with regulators over the past 18 months, including through a \u200ccomprehensive \u2060application process with Greece&#8217;s HCMC.<\/div><div>Binance believes it has met the relevant requirements to be MiCA authorised, the spokesperson said, adding that it understood that HCMC had completed its review of the application and \u200bit was considered \u200bcompliant with MiCA \u2060requirements.<\/div><div>&#8220;HCMC has given no formal indication of the contrary,&#8221; the spokesperson told Reuters.<\/div><div>Binance co-CEO Richard Teng said in \u200bFebruary that Greece&#8217;s labour force and security profile \u200bgave it \u2060the edge over larger financial centres for its regulatory home in Europe.<\/div><div>Teng, a former regulator in Singapore and Abu Dhabi, said at the \u2060time \u200bhe would leave it to the EU \u200bto determine if Binance gets its licence by the July deadline.<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"John O'Donnell\" class=\"wp-image-2121\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/ddd1496930701845f70de37f7923c3c4.avif\"\/><\/figure>\n<\/noscript><\/div><div>John O&#8217;Donnell<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2119\">SpaceX set to vault past Amazon in market value as shares extend IPO surge<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2117\">Yen for more<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2116\">Republicans to pick Senate challenger to Jon Ossoff in Georgia runoff<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Binance, the world&#8217;s largest crypto exchange, is set to lose permission to offer services \u200bto European Union clients within weeks as its application for a \u200clicence is about to be turned down, two people familiar with the matter told Reuters.<\/p>\n","protected":false},"author":1,"featured_media":2120,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[78],"class_list":["post-2122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-regulatory-oversight"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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