- Binance’s reported failure to secure a MiCA licence in Greece could prevent it from legally serving EU customers from July.
- The case highlights the significance of the EU’s new crypto regulatory regime, which requires firms to obtain approval by 30 June.
- Binance maintains its application meets regulatory requirements and says it will provide further guidance before the deadline.
Europe’s new cryptocurrency regulatory framework is set to deliver a major test for Binance, with reports suggesting the exchange’s application for a MiCA licence may be rejected by Greece’s market regulator. The decision could jeopardise Binance’s ability to continue serving customers across the European Union.
MiCA…
