European Union · Cointelegraph
Binance confirms it considers EU license compliant amid posts of potential rejection
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◎ Multiple-sources
Without specifically calling out a report on Binance’s EU license, the crypto exchange warned that any rejection forcing it to delay activities in the region could “weaken liquidity” and present other potential risks.
Key facts
- Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a report
- Under the MiCA framework, companies operating in the EU only have until the end of June to gain approval to offer services to residents
- The crypto exchange applied for its MiCA licensing in Greece under HCMC in January
- Without specifically calling out a report on Binance’s EU license, the crypto exchange warned that any rejection forcing it to delay activities in the region could “weaken liquidity” and present
Summary
Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a report that the company’s licensed activities in the region could be at risk. In a Tuesday blog post, Binance said that Greece's Hellenic Capital Market Commission (HCMC), one of the regulators responsible for overseeing MiCA, had completed its review of the crypto exchange’s application and “considered it compliant with MiCA requirements,” subject to review at the European Securities and Markets Authority (ESMA). “Binance serves more users in Europe than any other crypto exchange, and any delay or distortion in our MiCA path has consequences beyond Binance,” said the company.