Binance Pursues MiCA License in Greece Amid Regulatory Changes
- Binance has filed for a Markets in Crypto-Assets Regulation (MiCA) license in Greece, establishing a holding company there in December.
- The Greek markets regulator is fast-tracking Binance’s application, with the exchange citing Greece’s economic growth as a key factor for its choice.
- Without MiCA licensing by July, Binance would have to cease operations within the European Union.
- France has opposed ‘passporting’ of MiCA licenses across the EU and seeks more centralized control over crypto firms.
Binance’s move to secure a MiCA license in Greece comes amid regulatory shifts within the EU, where compliance will be mandatory by July for continued operations. The exchange’s strategic choice of Greece is influenced by the country’s promising economic outlook and regulatory environment.
This development highlights the growing need for crypto firms to adapt to evolving regulations within Europe, with France pushing back against broad licensing practices while advocating for tighter oversight on crypto exchanges. (Source)
