The cryptocurrency exchange Binance has applied for a pan-European MiCA license in Greece, reports Fortune. Companies dealing with digital assets must obtain this license by July 2026. If they fail to obtain the license, they will be forced to cease operations in EU countries.
Binance operates in at least six European countries based on licenses issued by national regulators. The company also has offices in several European states. $BTC
After obtaining the pan-European license, some national laws will still apply to cryptocurrency companies, including those related to consumer protection. $ETH
The publication notes that the application review process is proceeding at an accelerated pace and is under the control of the Greek Capital Markets Regulation Committee. $BNB
Binance has also established a holding company in Greece, which was registered for an indefinite period. This indicates that the cryptocurrency exchange is aimed at long-term rather than short-term presence, writes Fortune.
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