Binance withdraws Greece-filed MiCA application.
Cointelegraph 2026-06-24 15:04:43
Context: Binance, a major cryptocurrency exchange, has withdrawn its application for a MiCA license in Greece, just days before the July 1 deadline for compliance with the EU's Markets in Crypto-Assets regulation. The move comes as unlicensed crypto firms are expected to cease operations in the European Union. Binance plans to seek authorization in another EU jurisdiction.
Key Facts
- Binance withdrew its application for a MiCA license in Greece, citing plans to seek authorization in another EU jurisdiction.
- The withdrawal comes just days ahead of the July 1 deadline for compliance with the EU's Markets in Crypto-Assets regulation.
- Unlicensed crypto firms are expected to wind down their activities in the European Union by the July 1 deadline.
- Binance's decision to withdraw its application and seek authorization elsewhere suggests that the company is reevaluating its regulatory strategy in the EU.
- The MiCA regulation is set to establish a unified framework for crypto-assets across the European Union, requiring firms to obtain licenses and meet specific requirements to operate in the bloc.