business
Binance says its European regulatory application is compliant despite report of Greek rejection
Key takeaways
- Binance said it has been pursuing a MiCA license over the past 18 months, including through a comprehensive application process with the HCMC in Greece.
- The spokesman also said that "HCMC informed ESMA that it was their view that the application was compliant and that they intended to progress the licence and move to authorise at an upcoming Board meeting."
- Binance chose Greece as its MiCA jurisdiction following speculation that it might seek a license in Malta, where it had offices.
Binance’s Markets in Crypto Assets (MiCA) license application, which has to be approved by a deadline at the end of this month, is going to be rejected by the Greek financial watchdog Hellenic Capital Market Commission (HCMC), according to the report, which cited two people familiar with the situation.
Binance said it has been pursuing a MiCA license over the past 18 months, including through a comprehensive application process with the HCMC in Greece.
“Our understanding is that the HCMC completed its review of the application and considered it compliant with MiCA requirements, and that the application was also reviewed at ESMA level,” a Binance spokesman told CoinDesk via email.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop