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Binance is set to lose its European Union licence bid and be denied permission to offer services across the bloc, according to sources cited by Reuters in an exclusive report.
The outcome, if confirmed, would mark a significant regulatory setback for the exchange in a major market. $BNB, Binance's native token, is directly tied to the exchange's operational reach.
What the Reuters Report Says Citing unnamed sources, Reuters reports that Binance's application for an EU licence has failed.
The language is forward-looking — "set to lose" — suggesting the outcome is expected or imminent but had not been formally issued at the time of publication.
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