Binance has withdrawn its application for a Markets in Crypto-Assets license in Greece. The company will seek authorization in another European Union country instead. The move comes days before a July 1 deadline under MiCA rules.
Binance announced the withdrawal on June 24 through posts on X. The exchange cited careful consideration of the timeline and status of the Greek process. It said Europe remains an important market and expressed confidence in securing a license in the coming months.
Greek, Irish, and Latvian regulators had raised concerns about Binance's past legal issues and corporate structure. Last week the company maintained that its application was compliant with MiCA requirements.
Under MiCA rules, crypto firms must hold a license in at least one EU member state by July 1 or wind down operations across the bloc. Binance stated that user funds remain safe and that it will update affected European customers before the deadline.
Gillian Lynch, head of Europe and the United Kingdom at Binance, told Reuters that Binance is not leaving Europe. The company did not name the next country it plans to approach.
