Union

Future

Richard

Green

Citing people familiar with the matter, Reuters reported that the world’s largest cryptocurrency exchange could be forced to stop service to European Union customers as early as next month after its application for a key regulatory license is set to be rejected.
The threat comes from the EU’s Markets in Crypto-Assets (MiCA) framework, which requires digital asset firms operating within its borders to obtain authorization from a national regulator.
<h2 id="binance-to-drop-out-of-eu">Binance to Drop Out of EU?</h2>
The report <a href="https://www.reuters.com/business/finance/binance-set-lose-eu-licence-bid-permission-offer-services-bloc-sources-say-2026-06-16/" rel="noopener noreferrer nofollow">claimed</a> that the exchange’s application through Greece’s Hellenic Capital Market Commission (HCMC) is expected to be denied, which would leave it without the authorization needed to continue serving clients from the bloc after the June 30 deadline.
If the situation escalates, this potential setback could become Binance’s largest regulatory hurdle in Europe since the implementation of MiCA a few years ago. The framework is designed to bring crypto firms under a unified regulatory regime, and even Hungary has <a href="https://cryptopotato.com/hungary-plans-to-decriminalize-cryptocurrency-trading-after-orbans-departure-report/" rel="noopener noreferrer nofollow">turned the tide</a> after the change in administration earlier this year.
As with essentially all reports from legacy media that might be harmful to Binance in any way, the company has taken a strong stance against those claims. A spokesperson pushed back against the coverage from Reuters, indicating that the exchange has worked with regulators for approximately 18 months and understands that the Green watchdog completed its review, with the application considered compliant.
Binance further said it has not received any formal indication from the HCMC that its application might be rejected.
<blockquote>
 “Binance remains fully committed to securing our MiCA license and operating under a unified European framework.
 With 1,500+ compliance professionals globally, we continue to work closely with regulators while keeping users at the center of every decision,” <a href="https://x.com/binance/status/2066936341342933215" rel="noopener noreferrer nofollow">reads</a> a company statement on X.
</blockquote>
<h2 id="teng-concurs">Teng Concurs</h2>
Binance CEO Richard Teng also weighed in on the matter, saying the company is “dedicated to Europe.” He added that Binance and the team are “dedicated to securing our MiCA license and remain ready to operate under a fair, predictable, and genuinely harmonized European framework.”
In a follow-up post, he reassured the company’s user base of millions that their assets “remain secure.”
<blockquote class="twitter-tweet">
 Please rest assured that your assets remain secure, are and will remain accessible at all times. Our intention is to support an orderly process and minimise disruption to our users. We will provide a further update prior to June 30 2026.
 — Richard Teng (@_RichardTeng) <a href="https://x.com/_RichardTeng/status/2066939472554741915?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 16, 2026</a>
</blockquote>
The post <a href="https://cryptopotato.com/pushing-back-at-reuters-inside-binances-fight-for-its-european-future/" rel="noopener noreferrer nofollow">Pushing Back at Reuters: Inside Binance’s Fight for Its European Future</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Pushing Back at Reuters: Inside Binance’s Fight for Its European Future

Table of Contents

CryptoPotato_News

Other articles published on Jun 17, 2026

Join our free newsletter for daily crypto updates!