Binance Faces EU Service Halt Over License Rejection

Binance may be forced to suspend services for its European Union clients by the end of July due to an anticipated rejection of its regulatory license application in Greece. This development comes just weeks before the July 1 deadline for crypto firms to comply with the EU's Markets in Crypto-Assets (MiCA) regulation. Reuters reported that the Hellenic Capital Market Commission is expected to deny Binance's application, citing two sources familiar with the matter. Failure to secure MiCA authorization would prevent Binance from operating within the EU bloc, impacting its global operations.