Binance has pushed back against recent claims from Reuters suggesting the crypto exchange could soon lose access to the European Union market. The company has reassured users that it remains focused on securing the regulatory approval needed to continue operating across the region.
According to Reuters, citing sources familiar with the matter, Binance may be forced to stop serving EU customers as early as next month if its application for a critical regulatory license is rejected.
The issue centers on the European Union’s Markets in Crypto Assets framework, commonly known as MiCA. Under these regulations, crypto companies operating in the EU must obtain authorization from a national regulator to continue offering services.
Regulatory Pressure Builds in Europe
The report stated that Binance’s application, submitted through Hellenic Capital Market Commission, is expected to be denied. If that happens, Binance would lose the authorization required to legally serve customers in the EU after the June 30 deadline.
Such a development would represent one of Binance’s most significant regulatory challenges in Europe since MiCA came into force. The framework was introduced to establish a unified regulatory structure for crypto firms across the region, with member states increasingly tightening oversight.
Despite the concerns raised in the report, Binance strongly disputed the claims. A company spokesperson stated that the exchange has been actively working with regulators for approximately 18 months and believes the Greek regulator has completed its review, with the application meeting compliance requirements.
Binance also emphasized that it has not received any official communication from the regulator indicating its application is likely to be rejected.
In a statement shared on X, the company reaffirmed its commitment to securing its MiCA license and operating under a unified European regulatory framework.
Binance stated that with more than 1,500 compliance professionals worldwide, it remains focused on working closely with regulators while keeping user interests at the center of its decisions.
CEO Richard Teng Reassures Users
Richard Teng also addressed the situation, emphasizing Binance’s long term commitment to Europe.
He stated that the company remains fully dedicated to obtaining its MiCA license and is prepared to operate under what he described as a fair, predictable, and harmonized European regulatory framework.
In a follow up message, Teng reassured Binance’s millions of users that their assets remain safe and secure despite the ongoing regulatory uncertainty.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
