Binance Prepares for EU Exit With Local License in Limbo (1)

Binance Holdings Ltd. is preparing to stop providing its services in the European Union, as a deadline to receive a license to operate in the bloc draws near and the crypto exchange has yet to receive approval from Greece’s financial regulator.

The company notified customers in the EU on Tuesday that it may have to exit operations in the region. A further update on the process will be communicated before June 30, Binance said in a social media post.

The Hellenic Capital Market Commission advised Binance in recent days that its application is unlikely to be approved, a person ...