Binance’s application for a key European Union crypto license is set to be rejected by Greek regulators, according to a Reuters report. The world’s largest crypto exchange disputes the claim and maintains it meets requirements.
An application by Binance for a Markets in Crypto Assets license in the European Union is expected to be turned down by Greece’s Hellenic Capital Market Commission. The decision comes ahead of a regulatory deadline at the end of this month.
Binance said it has spent the past 18 months pursuing the license through the Greek authority. A company spokesman stated that the HCMC completed its review and viewed the application as compliant with MiCA rules.
The spokesman added that the HCMC informed the European Securities and Markets Authority of its intention to authorize the license at an upcoming board meeting. Binance chose Greece as its jurisdiction after earlier speculation about a possible Malta filing.
The Hellenic Capital Market Commission has not yet responded to requests for comment on the matter.