Binance Seeks Regulatory Approval in Greece Amid EU Licensing Push Cryptocurrency exchange Binance has submitted an application for a license under the European Union’s Markets in Crypto-Assets (MiCA) framework in Greece. This move comes at a critical time as the exchange navigates the complex regulatory landscape within the EU, with key compliance deadlines fast approaching. The application in Greece follows a recent development in France, where regulators formally notified Binance that it is currently operating without a MiCA license. This notification serves as a procedural step under the new EU regulations, highlighting the ongoing adjustments required for crypto service providers across the bloc. The exchange’s existing registration with the French Financial Markets Authority (AMF) will need to be transitioned to a full MiCA license to ensure continued operations. The MiCA framework, established to create a harmonized regulatory environment for crypto assets across all 27 EU member states, sets a deadline of June 30 for existing crypto firms to submit their license applications. Companies that have applied by this date can continue serving customers until their application is either approved or rejected. This transitional period is crucial for major platforms like Binance to align their operations with the new comprehensive rules covering consumer protection, transparency, and financial stability. Binance’s strategic application in Greece represents part of its broader effort to secure operational legitimacy within the European Union. A MiCA license granted by one member state, like Greece, provides a passport to offer services across the entire EU single market. This makes securing a license in a strategic jurisdiction a key priority for global exchanges. The exchange has been actively engaging with regulators in multiple European jurisdictions. Beyond the applications in France and Greece, Binance holds regulatory registrations in several other EU countries, including Italy and Spain. The push for MiCA compliance signifies a shift in the company’s approach, focusing on deeper regulatory integration following a period of heightened scrutiny from regulators worldwide. The outcome of Binance’s application in Greece will be closely watched by the industry. A successful approval would solidify its ability to operate seamlessly across Europe under a standardized regulatory umbrella. Conversely, any challenges in the process could complicate its European strategy. As the June deadline looms, the actions of Binance and other major crypto businesses underscore the significant transition underway as the digital asset sector moves toward formalized oversight within one of the world’s largest economic zones.
