Binance set to lose permission to operate in EU, sources say
Binance said the Greek regulator considered its application compliant, but a rejection could block the exchange from serving EU customers under MiCA.
- Binance, the world's largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected.
- Binance believes it has met the requirements to be MiCA authorised, and understood that Greece's Hellenic Capital Market Commission had completed its review of the application and it was considered compliant.
- Without a licence, Binance would not qualify to continue operating in the EU from the start of July, as the EU rules have brought regulatory oversight to the crypto industry's operations in Europe.
78 Articles
78 Articles
Binance, the world's largest cryptocurrency exchange, could lose its license to provide services to European Union clients within weeks because its application for a license has to be rejected.
Binance Says it Considers EU License Compliant Amid Reports of Potential Rejection
Binance said in a Tuesday blog post that it was compliant with the EU’s Markets in Crypto Assets framework despite a report that Greek regulators were prepared to reject its application.
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Binance Faces Potential EU Exit as Greek License Bid Nears Rejection
Binance, the world's largest cryptocurrency exchange, could soon lose its ability to serve customers across the European Union after its application for a key regulatory ... The post Binance Faces Potential EU Exit as Greek License Bid Nears Rejection first appeared on [your]NEWS.
Binance Faces Setback In EU Licensing Push As Greece Reportedly Moves To Reject Application
Binance is facing a major regulatory hurdle in Europe after Greece's financial regulator reportedly moved toward rejecting the cryptocurrency exchange's application for a license under the European Union's Markets in Crypto-Assets (MiCA) framework.
Binance set to lose permission to operate in EU, sources say
Binance, the world's largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters.
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