Overview
- Mid-June reporting led by Reuters said Greece’s Hellenic Capital Market Commission was expected to reject Binance’s MiCA application, a claim the exchange disputes by saying it has received no formal denial and that HCMC found the filing compliant.
- BitGo launched a BaFin‑licensed Crypto‑as‑a‑Service product that lets non‑authorised firms move customer wallets into segregated, MiCA‑compliant sub‑accounts if they complete required KYC checks.
- Licensed platforms are racing to capture migrating customers, with OKX Europe announcing deposit bonuses and other authorised firms touting passported access across the EU/EEA.
- MiCA uses a single‑license passport so only one member‑state approval typically allows cross‑border service and ESMA has warned firms without authorization after July 1, 2026 must wind down operations; only about 194 CASPs are authorised compared with thousands of pre‑MiCA registrants and lawyers estimate roughly 75% may lose registration.
- The near term hinges on formal regulator decisions, any confirmed political interventions, and whether commercial white‑label or custody deals are struck, all of which will shape consolidation, user choices, and how easily customers can move assets or keep trading.