MiCA Transition Ends July 1 as Binance Withdraws Greece Application, CEO Warns of Fragmentation Risk

According to Binance CEO Richard Teng, on July 6, the cryptocurrency exchange withdrew its Markets in Crypto-Assets (MiCA) application with Greece's Hellenic Capital Market Commission after the EU's MiCA transition period ended on July 1, 2026. From that date, platforms without formal approval can no longer legally serve customers across the EU bloc.

Teng warned that inconsistent implementation of MiCA across member states risks fragmenting Europe's regulatory framework. "If implementation becomes fragmented, unpredictable or inconsistent, Europe risks pushing users, companies, investment, jobs and tax revenue elsewhere," he said. Binance remains committed to pursuing authorization through proper channels while maintaining a long-term presence in the region.