Binance says it is not leaving Europe after its bid for a MiCA licence through Greece looked set to be rejected. Its head of Europe said the exchange will seek authorisation through another EU member state.

The EU's transitional period ends June 30, after which any exchange without a CASP authorisation cannot legally serve clients in the bloc. Binance has roughly a week to secure a licence or wind down its EU business.

The firm says it remains fully committed to MiCA, pointing to more than 1,500 compliance staff, even as the standoff sets up a direct clash with European regulators.