Binance Says Greek MiCA Bid Met EU Rules as Rejection Threatens 27-Nation Market
Updated
Updated · CoinDesk · Jun 16
Binance Says Greek MiCA Bid Met EU Rules as Rejection Threatens 27-Nation Market
3 articles · Updated · CoinDesk · Jun 16
Summary
Binance said Greece’s HCMC completed its MiCA review and viewed the application as compliant, pushing back on a Reuters report that the bid is headed for rejection.
Two people familiar with the matter told Reuters the Greek watchdog plans to reject the application before the end-of-June deadline, a move that could block Binance from serving EU customers from July 1.
Binance said the file was also reviewed at ESMA level and that HCMC had indicated it intended to move the licence to authorization at an upcoming board meeting.
Greece became Binance’s chosen MiCA base after 18 months of licensing work and the creation of a local holding company, making the decision pivotal to its EU operating future.