AI · CoinDesk
Binance confirms its European regulatory application is compliant despite report of Greek rejection
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◎ Multiple-sources
Binance, the world’s largest cryptocurrency exchange, may be unable to serve customers in Europe if its regulatory license application in Greece is turned down, as on Tuesday.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- Binance said it has been pursuing a MiCA license over the past 18 months, including through a comprehensive application process with the HCMC in Greece
- The Hellenic Capital Market Commission did not immediately respond to requests for comment
- Our understanding is that the HCMC completed its review of the application and considered it compliant with MiCA requirements, and that the application was also reviewed at ESMA level,” a Binance
Summary
Crypto firms need to obtain a MiCA license to operate in the EU by the end of this month. Binance said the HCMC completed its review of the application and considered it compliant with MiCA requirements. Binance’s Markets in Crypto Assets (MiCA) license application, which has to be approved by a deadline at the end of this month, is going to be rejected by the Greek financial watchdog Hellenic Capital Market Commission (HCMC), according to the report, which cited two people familiar with the situation. Binance said it has been pursuing a MiCA license over the past 18 months, including through a comprehensive application process with the HCMC in Greece.