Binance pulled its MiCA license application in Greece just days before the July 1 deadline. The move raises the risk that the world’s largest crypto exchange could lose the ability to serve users across the European Union. It also underscores the regulatory stakes for Binance and what the decision could mean for its European customers.

Buying property with cryptocurrency in Italy is legal, but the purchase price must be stated in euros. The main obstacle is complying with anti-money-laundering requirements, including proving the origin of funds to a notary. Notaries can refuse to complete the deed if they cannot verify the lawful source of the crypto or consider the risk too high.

The CLARITY Act is on the U.S. Senate calendar, but Polymarket odds of it being signed into law before the end of 2026 have fallen from 82% to 47%. The bill still faces four remaining hurdles in Congress, even after advancing through earlier steps. The original July deadline has slipped as the Senate’s legislative calendar tightens.

CME filed a federal lawsuit against the CFTC on June 18, 2026, challenging how Kalshi’s $3B perpetual Bitcoin contract is legally classified. The case centers on whether the product should be treated as a swap or a futures contract. CME says the answer could reshape the U.S. regulatory framework for crypto derivatives.

Greece’s Hellenic Capital Market Commission (HCMC) is preparing to reject Binance’s application for a MiCA license, Reuters reported. If Binance is not authorized, it could lose the ability to serve customers across all 27 EU markets from July 1, 2026. Binance said it has received no formal rejection notice and that its application is fully compliant.

Italy's 2026 Budget Law raises the substitutive tax on crypto capital gains to 33% starting January 1, 2026, up from 26% in 2025. The same framework keeps euro-denominated MiCAR-compliant EMT tokens taxed at 26% and sets up a Permanent Supervisory Committee on crypto-assets. It also ties crypto holdings to ISEE means-testing and introduces updated reporting steps alongside DAC8-related data flows.

Nine Italian banks began testing Eur.Bank infrastructure on June 3, 2026, in a technical phase that is not a consumer launch. The European Central Bank is awaiting payment service provider feedback by the end of June 2026 after inviting applications by May 14, and it is aiming for an operational pilot in the second half of 2027.

The EU's MiCA transitional period expires on July 1, 2026, after which crypto-asset service providers without a valid license cannot legally access the EU single market. Ahead of the deadline, only 14 firms are authorized to operate a crypto trading platform across the entire EU, while 10 member states have issued no MiCA authorizations. Users may face account migrations or wind-downs, and on regulated EU platforms USDT is effectively blocked while USDC remains compliant.

The U.S. GENIUS Act, enacted on July 18, 2025, establishes federal requirements for payment stablecoins and sets two key dates: June 9, 2026 for public comments on the joint FinCEN-OFAC AML proposal, and July 18, 2026 when implementing rules fully take effect. It limits issuance to licensed entities with reserves held only in cash, insured deposits, and short-dated U.S. Treasuries, while banning issuer-paid interest to holders. The law's rollout matters globally as stablecoins exceed $240 billion in supply, with USDT and USDC dominating market share.