😎Binance Eyes EU-Wide Crypto Operations with MiCA License in #Greece
📌 What’s Happening?
🔹 Binance has submitted a MiCA application in Greece to the Hellenic Capital Market Commission (HCMC).
🔹 The license falls under MiCA (Markets in Crypto-Assets) - the EU’s new crypto framework, effective 2023 and fully enforceable by July 1, 2026.
🔹 Binance also set up a Greek holding company (Binary Greece), signaling a long-term EU strategy.
📌 Why Greece?
✔️ Greece offers a faster process and closer regulator partnership than traditional hubs like Malta or Latvia.
✔️ Binance would be among the first major applicants for a MiCA license.
✔️ With approval, Binance can use passporting - operate legally in all 27 EU countries.
📌 What is MiCA & Why It Matters?
📍 MiCA provides:
Regulatory clarity
Consumer protection
Harmonized requirements across the EU
Rule: all crypto firms must have a license by July 1, 2026 or stop operating
❗ Without a license, Binance could face restrictions or halt operations in #EUMarkets .
📌 Next Steps
🟡 Greece’s process is reportedly in fast-track, supported by firms like Ernst & Young & KPMG.
🟡 If approved, Binance can:
Offer trading, deposits, and withdrawals EU-wide
Hire staff and expand European operations
🟡 Approval would signal confidence for the market & institutional investors.
📌 Key Takeaways
✔️ Binance applied for a MiCA license in Greece
✔️ License enables EU-wide regulated operations
✔️ Greece is the new base with a holding company
✔️ Approval allows legal services in all 27 EU countries
✔️ Missing July 2026 could restrict or suspend operations $BNB
