Binance faces potential rejection of EU crypto license by Greek regulator, Reuters reports
By
Ian Allison
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Summary
Binance, the world's largest cryptocurrency exchange, faces potential rejection of its MiCA regulatory license application by Greece's Hellenic Capital Market Commission (HCMC), according to a Reuters report. The deadline for approval is at the end of the month. Binance maintains that its application is compliant and has been pursuing the license for 18 months. If rejected, Binance may be unable to serve customers in Europe.
Key quotes
· 3 pulledBinance said it has been pursuing a MiCA license over the past 18 months
Binance's Markets in Crypto Assets (MiCA) license application... is going to be rejected by the Greek financial watchdog Hellenic Capital Market Commission (HCMC)
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
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