Binance has withdrawn its Markets in Crypto-Assets (MiCA) license application in Greece, less than a week before the EU’s July 1 compliance deadline. The crypto exchange confirmed it will seek authorization in another European Union member state and insisted it is not leaving the continent.
The move follows reports that regulators in Greece, Ireland, and Latvia had raised concerns about Binance’s past legal issues and corporate structure. Despite the setback, Binance assured European users that their funds remain safe and promised direct communication about account changes before the deadline.
MiCA requires crypto firms to hold a license in at least one EU country by July 1 to continue serving clients across the 27-nation bloc; unlicensed firms must cease operations. Binance did not disclose which country it plans to approach next.