ChainCatcher reported that, according to two people familiar with the matter, Binance’s license application submitted in Greece is expected to be rejected by regulators. The report said such an outcome could cause Binance to lose its qualification to provide services to clients across the European Union.
The application is tied to Binance’s compliance arrangements in the EU market. If the license request is ultimately refused, the report said Binance’s broader compliance setup in the European Union would face a major challenge. The report did not disclose the specific reasons behind the expected regulatory decision, nor did it provide a further timetable for the review process.
As of now, no formal decision has been announced. The matter remains dependent on the final regulatory outcome, and the official conclusion will be determined by the regulator’s published decision.