Binance withdraws Greek MiCA bid but vows to remain in Europe
The crypto giant must find a home base in the EU by July 1 or regulators will force the company to shut down operations for millions of regional users.
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Summary
- Binance has withdrawn its application for a Markets in Crypto-Assets license in Greece and will seek authorization in another European Union country instead.
- The move comes just days before a July 1 MiCA deadline that requires crypto firms to hold a license in at least one EU member state or wind down operations across the bloc.
- Greek, Irish and Latvian regulators had reportedly raised concerns about Binance’s past legal issues and corporate structure, while the company says user funds are safe and it will update affected European customers before the deadline.
