Binance withdraws Greek MiCA bid but vows to remain in Europe

Binance withdrew its application for a Markets in Crypto-Assets (MiCA) license in Greece on June 27, 2024, as the cryptocurrency exchange seeks to establish a regulated European Union base by the July 1 deadline. The withdrawal means Binance will not operate under a Greek license, but the company stated it remains committed to serving its European users. Binance is reportedly in discussions with other EU jurisdictions to secure a license that would allow it to continue offering its services across the bloc. Failure to obtain a suitable license by July 1 could compel Binance to cease operations for its millions of users within the EU. The company has been actively pursuing regulatory approval in various European countries following increased scrutiny of crypto exchanges.