In brief
- A report from Reuters cites sources saying that the firm’s MiCA application will be denied in the European Union.
- Binance said Tuesday that it believes it is operating in compliance with applicable laws in the EU.
- If the firm does not gain approval, it would need to cease operations in the EU.
Leading crypto exchange Binance said Tuesday that it believes it is operating in compliance with the European Union’s Markets in Crypto Assets (MiCA) regulatory framework, following a report from Reuters that the firm is likely to lose its ability to offer services to EU residents.
Citing two sources familiar with the matter, Reuters reported that Greece’s markets regulator is expected to deny Binance’s application ahead of the June…
