Binance, the world’s largest cryptocurrency exchange, may not be able to serve customers in Europe if its regulatory license application in Greece is rejected, Reuters reported on Tuesday.
Binance’s Markets in Crypto Assets (MiCA) license application, which must be approved by a deadline at the end of this month, will be rejected by the Greek financial watchdog Hellenic Capital Market Commission (HCMC), according to the report, which cited two people familiar with the situation.
Binance said it has been pursuing a MiCA license over the past 18 months, including through an extensive application process with HCMC in Greece.
“Our understanding is that the HCMC completed its review of the application and deemed it compliant with MiCA requirements, and that the application was also reviewed at the ESMA level,” a Binance spokesperson told CoinDesk via email.
The spokesperson also said that “HCMC informed ESMA that it was their view that the application was compliant and that they intended to continue the license and proceed to authorization at an upcoming board meeting.”
