Binance Applies for EU-Wide Crypto License Under MiCA Rules

Binance has applied for a license to offer cryptocurrency services across the European Union (EU) under new Markets in Crypto-Assets (MiCA) rules. According to the report, the company submitted its application in Greece and established a local company there to facilitate the process.

Binance Files its Application in Greece

If Greece’s financial regulator approves the license, Binance will be able to offer and promote its services in all 27 EU countries. Notably, the timing is crucial because the new MiCA rules take effect on July 1, aiming to establish clear and unified crypto regulations in Europe.

The MiCA regime is designed to standardize crypto regulations across Europe, covering areas such as consumer protection, market integrity, and financial stability. 

For crypto exchanges and service providers, obtaining a MiCA license is needed to offer services within the EU. By choosing Greece as its regulatory base, Binance sees the country as an emerging hub for digital asset innovation and compliance.

Additionally, MiCA approval will provide the cryptocurrency exchange with a substantial competitive edge. The license will grant passporting rights, enabling the exchange to offer crypto trading, custody, and other digital asset services seamlessly across the EU. 

All of these would happen without the need for separate approvals in each country. This streamlined access will drive faster user growth and boost institutional adoption in the European crypto market.

MiCA’s Role in EU Crypto Regulation

Recall that Binance discontinued spot trading pairs involving Tether’s USDT and several other non-MiCA-compliant tokens in the European Economic Area (EEA). The move is part of the exchange’s efforts to comply with the MiCA rules.

Other notable tokens affected by Binance’s delisting include Dai (DAI), TrueUSD (TUSD), Pax Dollar (USDP), and TerraUSD (UST), among others. The exchange set March 31, 2025, as the deadline for phasing out these assets from spot trading in accordance with MiCA’s stablecoin restrictions.

MiCA, passed in 2023, is the first major law to bring all EU countries under one crypto rulebook. The law took effect in 2024 and has forced crypto companies to register in at least one EU country while following stringent rules.

Other Exchanges Secures EU-Wide Crypto License

In June 2025, Coinbase received approval to operate under the EU’s new rules for cryptocurrencies. 

As reported by TheCoinRise, the company secured a license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). This means Coinbase can legally provide crypto services in all 27 EU member countries.

Similarly, Bitstamp has also received a Crypto Asset Service Provider (CASP) license under the MiCA regulation. The license allows the exchange to use the EU’s “passporting” system. Since the exchange is licensed in Luxembourg, it can now offer services in all 27 EU countries without needing separate approval.