Binance Fails to Win Greece License, Vows to Continue EU Operations
Summary
- Global cryptocurrency exchange Binance said it is seeking ways to continue its EU operations after failing to secure a license in Greece.
- Some EU authorities, including those in Greece, Ireland and Latvia, reportedly declined to grant Binance a license because of compliance concerns.
- Walter Bloomberg said Binance must secure an alternative license within a week before its existing operating permit expires, ahead of the rollout of MiCA.
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Global cryptocurrency exchange Binance is seeking ways to continue operating in the European Union after failing to secure a license in Greece.
Walter Bloomberg reported on June 24 that Binance said it would continue its EU business.
Binance recently sought a Markets in Crypto-Assets, or MiCA, license for its crypto business in Greece, but the bid failed. Some EU authorities, including those in Greece, Ireland and Latvia, have declined to grant Binance licenses because of compliance concerns, according to Walter Bloomberg.
MiCA, the European Union's comprehensive crypto regulatory framework, will take effect next month. Binance must secure an alternative license within a week before its existing operating permit expires, Walter Bloomberg reported.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
