Binance Pursues New EU Licenses After MiCA Setback
Co-CEO Richard Teng says regulators have invited Binance to reapply as Asia expansion continues.
European regulators have privately invited Binance to pursue fresh licensing routes following the exchange's MiCA setback, co-CEO Richard Teng told CoinTelegraph as of July 2026.
Why It Matters
For iGaming and crypto-adjacent operators, Binance's regulatory standing in Europe directly affects payment rail availability, on-ramp/off-ramp liquidity, and the legitimacy of crypto deposits at licensed gambling platforms. A Binance re-entry into the EU market under new licensing frameworks would restore one of the world's highest-volume exchanges to full compliance status, reducing counterparty risk for operators and players alike. Teng's comments also signal that European regulators are treating Binance as a recoverable case rather than a permanent exclusion — a meaningful distinction for institutional confidence. Simultaneously, Binance continues expanding its licensing footprint across Asia, diversifying its regulatory base and reducing dependence on any single jurisdiction.
Context
Binance lost ground in Europe after failing to secure full authorisation under the EU's Markets in Crypto-Assets (MiCA) framework, which came into force as the bloc's unified crypto regulatory standard. MiCA requires exchanges to obtain a single EU-wide licence through a national competent authority — a process Binance has so far not completed for full operational coverage, according to CoinTelegraph's reporting. The exchange has faced a sustained multi-year regulatory pressure campaign across multiple jurisdictions, including the landmark 2023 U.S. Department of Justice settlement.
What's Next
Binance must identify a national regulator within the EU willing to sponsor its MiCA application and progress through that country's authorisation process. Teng did not specify a timeline, but the active regulatory dialogue he described suggests formal applications could materialise within the next several quarters.
Gambling and crypto trading both carry significant financial risk. Past regulatory progress does not guarantee future licensing outcomes.
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