Late Entrant Aims to Flip EU Crypto Regulation Before MiCA Deadline | US Crypto News
Binance has applied for the EU's MiCA license via its Greek subsidiary, Binary Greece, aiming for continent-wide compliance before the 2026 deadline.Summary
Binance has made a strategic, late entry into securing the European Union's pan-European Markets in Crypto-Assets (MiCA) license by applying through its newly established Greek subsidiary, Binary Greece. This move positions Binance to achieve full compliance before the critical July 1, 2026, deadline, after which unlicensed platforms face restrictions across the EU and EEA.
The choice of Greece over traditional hubs like Malta or Luxembourg is seen as a strategic play, potentially offering a streamlined approval process. Securing a MiCA license from any member state allows for passporting services across all 27 EU nations and EEA countries, eliminating the need for fragmented national registrations.
Binance joins competitors like Kraken, Coinbase, and Bybit, which have already secured licenses. Full MiCA approval will unlock pan-European operations, including stablecoin issuance and trading, while potentially addressing past regulatory scrutiny in countries like France. The move signals a long-term commitment to establishing a significant, compliant footprint in the European market.
(Source：BeInCrypto)