Binance EU Future Hangs in Balance as License Bid Nears Rejection

Binance, the world's largest cryptocurrency exchange, is facing an uncertain future in the European Union after its application for a key regulatory license was set to be rejected.

The decision could prevent Binance from continuing to serve customers across the 27-member bloc from July under the European Union's new Markets in Crypto-Assets (MiCA) framework.

Binance applied for a license through Greece's market regulator, but the application is expected to be turned down, according to two people familiar with the matter.

The company believes it has met the requirements for approval and understands that Greece's Hellenic Capital Market Commission has completed its review and deemed the exchange compliant.