Binance, the world’s largest cryptocurrency exchange, may not be able to serve its customers in Europe if its application for a regulatory license in Greece is rejected, as Reuters reported on Tuesday.
Binance’s Crypto Asset Markets (MiCA) license application, which must be approved before a deadline at the end of this month, will be rejected by the Hellenic Capital Market Commission (HCMC), a Greek financial watchdog, according to the report, which cited two people familiar with the situation.
Binance said it has been seeking a MiCA license for the past 18 months, including through a comprehensive application process with the HCMC in Greece.
“It is our understanding that the HCMC completed its review of the application and found it to be 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 in their opinion the application was compliant and that they intended to move forward with the license and move to authorizing at an upcoming Board meeting.”
