Binance says its European regulatory application is compliant despite report of Greek rejection

Binance confirmed its European regulatory application is compliant on May 23, 2024, following a Reuters report that the Hellenic Capital Market Commission (HCMC) in Greece intended to reject its application. The exchange stated that it has been in dialogue with the HCMC and believes its application meets all necessary requirements for a Virtual Asset Service Provider (VASP) license. Binance highlighted that it has successfully obtained licenses in other European Union member states, including France, Italy, Spain, and Sweden, demonstrating its commitment to regulatory compliance across the region. The company emphasized its proactive approach to engaging with regulators and adapting its operations to adhere to local and international compliance standards. Binance also noted that it is working to address any specific concerns raised by the HCMC to ensure the successful approval of its license.