Binance Turns to France for MiCA License After Greece Rejection

Highlights:

• Binance may turn to France after its Greece MiCA license plan reportedly hit trouble.
• Binance is in talks with France’s AMF, but no formal MiCA filing has been made.
• Many European crypto firms could lose legal status if they miss the MiCA approval deadline.

Binance may now depend on France to keep full access to the European crypto market under MiCA rules. The Big Whale reported on Wednesday that France has become the exchange’s last serious option after Greek regulators moved toward rejecting its MiCA license request.

Binance Faces New MiCA Roadblock In Europe

ECB President Christine Lagarde opposed Binance's entry into the EU market, according to sources cited by The Big Whale claim.

Reports suggest Greece may reject Binance's MiCA application despite the exchange stating its filing was… pic.twitter.com/nnpMlDz5Cw

— BSCN (@BSCNews) June 18, 2026

According to the report, Binance had planned to use Greece as its main European base for MiCA approval. Under MiCA, a crypto company can apply for approval in one EU country and then use that license across all 27 member states. This system is called passporting. For Binance, approval in Greece would have allowed the company to continue serving users across Europe under one regulatory framework.

However, that plan now appears to have failed. The report said Greece is no longer seen as a workable route by Binance’s leadership. As a result, France has become the key remaining path for the world’s largest crypto exchange to maintain regulated access to the EU market.

Binance and French Regulator Discuss Possible MiCA Filing

According to the report, discussions are underway between Binance and France’s financial regulator, the Autorité des Marchés Financiers (AMF). However, Binance has not yet filed a formal MiCA application in France. Binance already has a presence in the country. Its French unit, Binance France SAS, has been registered as a digital asset service provider. That existing registration could make France an important option, but it does not guarantee MiCA approval.

The report said Binance has also held talks with several national regulators simultaneously. Still, one source close to the matter said another regulator may not be able to review such a major file quickly enough. This makes the French route more important as the deadline pressure grows.

Stablecoin Concerns Add Pressure to Binance’s Europe Plans

Greek license process had been technically advanced before the situation changed. The report linked the reversal to political pressure connected to the European Central Bank. It also said concerns around stablecoins may have played a major role.

Stablecoins are crypto tokens designed to follow the value of traditional currencies, such as the U.S. dollar or the euro. Binance is one of the biggest platforms for stablecoin trading, so any decision on its European future could affect liquidity and access for users. The report also said Binance has tried to improve its compliance structure after major legal problems in the United States. 

For European customers, Binance has said user funds remain safe. The company has also told users it will provide more information by June 30. Some services could still face restrictions during any transition period, especially if Binance needs more time to secure MiCA approval in France.

The pressure on Binance also comes at a time when many crypto firms in Europe are struggling with the final MiCA transition deadline. A recent report said around 75% of earlier registered crypto firms could lose legal status if they fail to secure full MiCA approval. This means Binance’s situation is not isolated, but part of a wider regulatory shake-up across the European crypto market.

MiCA Transition Ends on July 1: Approximately 75% of EU Crypto Companies May Lose License

The EU’s MiCA transition period will end on July 1, after which crypto exchanges, brokers and wallet service providers without a MiCA license will no longer be able to serve EU users.

As… pic.twitter.com/WLR9qozwZ2

— Wu Blockchain (@WuBlockchain) June 15, 2026