Binance Maintains EU Ambitions Despite Licensing | Crypto Work Pro
Binance is trying to find other ways to stay within the
European Union after its attempt to secure a licence in Greece failed, placing
its regional operations at risk forward of a key regulatory deadline.
The crypto exchange should get hold of approval beneath the EU’s
Markets in Crypto-Assets (MiCA) framework by the top of June to proceed
serving clients throughout the bloc. Without a licence from one member state,
corporations should stop working.
According to Reuters, Gillian Lynch, Binance’s head of Europe and the UK, stated the
company stays dedicated to the area regardless of the setback. “Binance is not leaving Europe,” Lynch stated.
“We may have a totally different pathway to being approved. If it’s not
Greece, I’m different options.”
EXCLUSIVE: Binance vows to remain in Europe regardless of licence setback https://t.co/vShsRewaTb https://t.co/vShsRewaTb
— Reuters Business (@ReutersBiz) June 24, 2026
The company has held discussions with regulators in Ireland,
Latvia, and Greece. However, sources stated authorities in these nations have
resisted approving the applying. Binance submitted just one formal
software, in Greece.
Keep studying: Binance Says It “Remains Fully Committed to Securing MiCA License” as EU Exit Risk Looms
The European Securities and Markets Authority has warned
that corporations with out authorization should wind down operations in an orderly
method, rising strain on Binance because the deadline approaches.
Regulatory Scrutiny Remains High
Regulators have raised considerations about Binance’s compliance
document, company construction, and risk management method. Officials additionally
examined the background of senior executives and previous anti-money laundering
controls.
In 2023, founder Changpeng Zhao pleaded guilty to breaching
U.S. anti-money laundering legal guidelines as half of a $4.3 billion settlement.
Authorities stated Binance didn’t report 1000’s of suspicious transactions. One source cited Zhao’s continued affect as a concern.
Lynch stated he’s “100% removed” from the company.
She added that Binance has strengthened its compliance
systems and now employs about 1,500 compliance workers. The company maintains
that it meets MiCA necessities and anticipated approval in Greece.
Regulators throughout member states have coordinated their
response to make sure constant enforcement beneath MiCA. Authorities have warned
that weak oversight may expose markets to dangers akin to illicit finance and
investor hurt.
MiCA Deadline Approaches Without License Approval
Last week, Binance stated it stays totally dedicated to securing a MiCA licence because the risk of dropping entry to the European Union grows forward of the June deadline. The exchange faces a attainable rejection of its software in Greece, which might stop it from offering providers throughout the bloc from July.
Under MiCA guidelines, crypto corporations should get hold of approval from a national regulator to “passport” providers throughout all 27 EU nations, or stop operations. Binance stated it has labored with regulators for about 18 months and believes it meets the necessities. The company added that it engaged with Greece’s regulator in good religion and expects to assist an orderly course of if approval doesn’t come by.
It additionally said that Europe stays central to its long-term plans and that it’ll present an replace earlier than the June 30 deadline, whereas specializing in minimizing disruption for customers.
Binance is trying to find other ways to stay within the
European Union after its attempt to secure a licence in Greece failed, placing
its regional operations at risk forward of a key regulatory deadline.
The crypto exchange should get hold of approval beneath the EU’s
Markets in Crypto-Assets (MiCA) framework by the top of June to proceed
serving clients throughout the bloc. Without a licence from one member state,
corporations should stop working.
According to Reuters, Gillian Lynch, Binance’s head of Europe and the UK, stated the
company stays dedicated to the area regardless of the setback. “Binance is not leaving Europe,” Lynch stated.
“We may have a totally different pathway to being approved. If it’s not
Greece, I’m different options.”
EXCLUSIVE: Binance vows to remain in Europe regardless of licence setback https://t.co/vShsRewaTb https://t.co/vShsRewaTb
— Reuters Business (@ReutersBiz) June 24, 2026
The company has held discussions with regulators in Ireland,
Latvia, and Greece. However, sources stated authorities in these nations have
resisted approving the applying. Binance submitted just one formal
software, in Greece.
Keep studying: Binance Says It “Remains Fully Committed to Securing MiCA License” as EU Exit Risk Looms
The European Securities and Markets Authority has warned
that corporations with out authorization should wind down operations in an orderly
method, rising strain on Binance because the deadline approaches.
Regulatory Scrutiny Remains High
Regulators have raised considerations about Binance’s compliance
document, company construction, and risk management method. Officials additionally
examined the background of senior executives and previous anti-money laundering
controls.
In 2023, founder Changpeng Zhao pleaded guilty to breaching
U.S. anti-money laundering legal guidelines as half of a $4.3 billion settlement.
Authorities stated Binance didn’t report 1000’s of suspicious transactions. One source cited Zhao’s continued affect as a concern.
Lynch stated he’s “100% removed” from the company.
She added that Binance has strengthened its compliance
systems and now employs about 1,500 compliance workers. The company maintains
that it meets MiCA necessities and anticipated approval in Greece.
Regulators throughout member states have coordinated their
response to make sure constant enforcement beneath MiCA. Authorities have warned
that weak oversight may expose markets to dangers akin to illicit finance and
investor hurt.
MiCA Deadline Approaches Without License Approval
Last week, Binance stated it stays totally dedicated to securing a MiCA licence because the risk of dropping entry to the European Union grows forward of the June deadline. The exchange faces a attainable rejection of its software in Greece, which might stop it from offering providers throughout the bloc from July.
Under MiCA guidelines, crypto corporations should get hold of approval from a national regulator to “passport” providers throughout all 27 EU nations, or stop operations. Binance stated it has labored with regulators for about 18 months and believes it meets the necessities. The company added that it engaged with Greece’s regulator in good religion and expects to assist an orderly course of if approval doesn’t come by.
It additionally said that Europe stays central to its long-term plans and that it’ll present an replace earlier than the June 30 deadline, whereas specializing in minimizing disruption for customers.
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