By Lefteris Papadimas and John O'Donnell
FRANKFURT, June 16 (Reuters) - Binance, the world's largest crypto exchange, is set to lose permission to offer services to European Union clients within weeks as its application for a licence is about to be turned down, two people familiar with the matter told Reuters.
Under new EU rules, called MiCA, crypto companies have until the end of June to obtain a licence to allow them to continue operating across the bloc. Binance's application, which was made to Greece's market regulator, is set to be rejected, the people said.
A representative for the **** enic Capital Market Commission declined to comment on Binance's licence application, citing confidentiality rules. Without a licence, Binance would not qualify to continue operating in the EU from the start of July.
A Binance spokesperson said it has been pursuing a MiCA licence and has worked constructively with regulators over the past 18 months, including through a comprehensive application process with Greece's HCMC.
FRANKFURT, June 16 (Reuters) - Binance, the world's largest crypto exchange, is set to lose permission to offer services to European Union clients within weeks as its application for a licence is about to be turned down, two people familiar with the matter told Reuters.
Under new EU rules, called MiCA, crypto companies have until the end of June to obtain a licence to allow them to continue operating across the bloc. Binance's application, which was made to Greece's market regulator, is set to be rejected, the people said.
A representative for the **** enic Capital Market Commission declined to comment on Binance's licence application, citing confidentiality rules. Without a licence, Binance would not qualify to continue operating in the EU from the start of July.
A Binance spokesperson said it has been pursuing a MiCA licence and has worked constructively with regulators over the past 18 months, including through a comprehensive application process with Greece's HCMC.
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