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Binance official statements, Reuters, CoinDesk, PANews and multiple other outlets confirm the withdrawal of its Greek MiCA application to seek approval in another EU state ahead of the July 1 deadline.

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Home/Markets/Binance Abandons Greek Bid for MiCA License
VERIFIEDBy Xavier Rivera· ·1.5 min read

Binance Abandons Greek Bid for MiCA License

Binance has withdrawn its MiCA license application in Greece and will pursue authorization in another EU country instead. The decision comes days before a July 1 deadline that could force the exchange to shut down operations for millions of users across the bloc if it lacks a license in at least one member state.

Source:CoinDesk
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Binance Abandons Greek Bid for MiCA License
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TL;DRAI · 60 sec read

Binance withdraws its MiCA license application from Greece and will seek approval in another EU country. Regulators in Greece, Ireland and Latvia had raised concerns over past legal issues. The exchange must secure clearance by July 1 or stop services for users across the region, though it says funds remain safe and it stays committed to Europe.

Binance has pulled its application for a Markets in Crypto-Assets license from Greek authorities and plans to pursue approval in a different EU member state instead.

Binance pulls Greek MiCA application days before deadline. The exchange disclosed the step on Wednesday in multiple posts on X. Officials must obtain a license somewhere in the bloc by July 1 or regulators will require them to halt services for users across the region.
Officials must obtain a license somewhere in the bloc by July 1 or regulators will require them to halt services for users across the region.
MiCA regulations stipulate that any unlicensed operator has to terminate its activities in the 27-nation area after that cutoff. Binance noted it reached the choice following a review of how matters stood and the Greek timeline.
POST FROM @binance· official Binance announcement tweet directly referencing the withdrawal of the Greek MiCA application
https://x.com/binance/status/2069791259812839895
Regulators in multiple countries raised concerns. Authorities in Greece, Ireland and Latvia had reportedly expressed worries over Binance’s earlier legal troubles and its organizational setup. Reuters indicated that supervisors from those three nations monitored the filing together.
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The prior week Binance maintained that its MiCA filing met standards even after accounts of a Greek rebuff. A company spokesman informed CoinDesk by email on June 16 that the Hellenic Capital Market Commission finished its examination, judged the submission compliant with MiCA requirements, and that ESMA had also assessed it.
MiCA regulations stipulate that any unlicensed operator has to terminate its activities in the 27-nation area after that cutoff.
Binance commits to staying in Europe. Gillian Lynch, head of Europe and the United Kingdom, told Reuters that "Binance is not leaving Europe." The firm added that the continent continues to matter greatly and expressed confidence about winning approval within months.

Binance declined to identify its next target EU jurisdiction. The European Securities and Markets Authority is about to take over regulatory oversight across the EU.
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Company reassures users on funds and communications. Binance stated that user funds remain safe. It will communicate directly with affected European users regarding changes to their accounts before the compliance deadline.
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