Binance says it remains committed to its operations in the European Union and will continue serving EU customers, according to a Tuesday blog post. This comes after Reuters reported that the company is at risk of losing its permission to operate in the EU. Sources told Reuters that Binance may soon lose permission to serve European Union clients from next month because its licence application is about to be rejected.
“Binance remains committed to its European users and will continue to operate in compliance with applicable law,” Binance said in a Tuesday blog post. “Europe remains central to our long-term plans. We believe in the value of a clear, consistent regulatory framework, and MiCA is an important step toward creating that across the EU.”
Under new EU rules, called MiCA, crypto firms have until the end of June to obtain a licence to continue servicing clients across the bloc. Binance’s application to Greece’s market regulator is set to be turned down, sources told Reuters this week. Under MiCA, crypto companies have to apply for licences from regulators in individual EU countries, which they can use as a “passport” to operate throughout the EU. The Greek rejection would mean Binance will not be given the green light to operate in the EU, leaving the fate of Binance’s EU customers uncertain.
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Binance says it will provide further details as additional information becomes available, including in relation to next steps and available options for EU customers. “Our intention is to support an orderly process and minimize disruption to our users. We will provide a further update before June 30, 2026.”