ECB President Christine Lagarde intervened to block Binance’s EU MiCA license: WSJ
Although the ECB holds no formal licensing authority under MiCA, high-level intervention led Greece to stall an application that regulators had previously deemed complete.
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Summary
- European Central Bank President Christine Lagarde personally intervened to delay Binance’s bid for a European Union crypto license in Greece, The Wall Street Journal reported.
- Lagarde was reportedly concerned that Binance could expand the use of dollar-based stablecoins, potentially undermining the digital euro and euro-denominated alternatives.
- Binance withdrew its Greek application in June but said it still plans to seek authorization under the European Union’s Markets in Crypto-Assets rules.
