Binance Breaks Silence on MiCA License Plans Ahead of Key Deadline

Binance has broken its silence on its plans for a MiCA license, stating that its application has passed review by Greece's Hellenic Capital Market Commission (HCMC), but warning of potential risks to EU liquidity and user choice if the process stalls.

The exchange filed its MiCA application through Greece in order to gain a license under the EU's Markets in Crypto-Assets (MiCA) regulation, which is set to take effect on July 1. Binance confirmed that it has built a compliance team of over 1,500 people and submitted a comprehensive application.

The exchange also pointed to its full ADGM licensing suite in Abu Dhabi and nearly $7 billion in prevented fraud losses as evidence of its commitment to regulatory compliance globally.

Binance warned that delays or distortions in the MiCA authorization process could weaken liquidity, reduce competition, and decrease user choice across the EU. The exchange currently serves more European users than any other crypto exchange, according to its own figures.