Binance Ditches Greek MiCA Bid Amid Regulatory Uncertainty

Binance has withdrawn its application for a MiCA license in Greece, citing uncertainty and an ambiguous regulatory environment.

The company had submitted its application to the Hellenic Capital Market Commission (HCMC) in January 2026, expecting approval before July 1, when the EU's MiCA transition period will end. However, after a prolonged review process, Binance decided to withdraw its application and seek authorization in another EU member state.

The decision is significant, as it highlights the challenges faced by crypto-asset service providers in navigating the complex regulatory landscape of Europe. Greece had been seen as an attractive destination for Binance, but the company's experience suggests that even with a MiCA license, regulatory hurdles can remain.