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Binance applies for EU crypto license in Greece under MiCA framework

The Block
Binance has applied for an EU-wide crypto license in Greece under the MiCA framework ahead of the July 1 deadline.

Summary

Binance, the world's largest crypto exchange, has applied for a Markets in Crypto-Assets (MiCA) license through Greek regulators, establishing a local holding company for the application. If approved by the Hellenic Capital Market Commission, this single license would enable Binance to operate and market its crypto services across all 27 EU member states via MiCA's passporting framework. This move comes as Binance seeks to consolidate its European operations following regulatory challenges and withdrawn applications in countries like Germany and Austria. MiCA regulation harmonizes crypto rules across the EU, requiring firms to secure authorization by the end of June or cease services in certain countries.

(Source:The Block)