Binance announced on Wednesday that it has formally withdrawn its Markets in Crypto Assets (MiCA) license application in Greece, opting instead to pursue authorization in another EU member state. The decision comes amid reports that the Greek regulator, HCMC, was poised to reject the application. Binance stated that it worked constructively with the HCMC but received no response before the July 1 deadline, prompting a move to ensure compliance. The exchange assured users that funds are safe, though some may be impacted. Binance submitted the application in January 2026, citing Greece's economic growth. Once approved in one EU nation, MiCA licenses can be 'passported' across all 27 member states, though French regulators have previously signaled concerns about lax oversight. Despite the setback, Binance reaffirmed its long-term commitment to Europe.

Key facts

• Binance withdrew MiCA license application in Greece.
• Binance will seek approval in another EU member state.
• Greek regulator HCMC was reportedly set to reject the application.
• Some users may be impacted; funds remain safe.