Binance seeks EU-wide MiCA license via Greece

Binance has applied for an EU license under the Markets in Crypto-Assets (MiCA) framework in Greece and established a local holding company. If approved by the Hellenic Capital Market Commission, the authorization would allow the exchange to offer and market crypto services across the European Union ahead of the July 1 deadline.

People familiar with the process described the review as expedited, with Ernst & Young and KPMG involved.

MiCA, which took effect in 2023, sets unified standards for crypto asset service providers across the bloc, covering governance, consumer protections, and compliance. Firms operating in the EU must secure authorization by the end of June or prepare to wind down services in countries where they lack licenses.

Binance is reworking its European footprint after a series of regulatory setbacks. The company withdrew license applications in Germany and Austria, exited the Netherlands after failing to obtain approval, and briefly halted services in Belgium before reopening through an EU-registered entity. In France, regulators conducted onsite inspections, according to the firm.

Company materials indicate operations in at least six European countries. Binance’s website reports more than 226 million users. A MiCA authorization would allow the firm to rely on passporting to operate in all 27 member states under a single license.