Binance Faces Setback In EU Licensing Push As Greece Reportedly Moves To Reject Application

Source: International Business Times

Binance said it had not received a formal rejection and remained engaged with regulators during the licensing process, the report said. AFP 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. The reported decision places the world's largest cryptocurrency exchange at risk of losing authorization to offer services to customers across the European Union when the bloc's transition period for MiCA compliance expires at the end of June.