Binance drops Greece MiCA bid, eyes other EU licenses
The withdrawal from Greece is a setback, but the bigger deadline is July 1, when MiCA's stablecoin and custody rules take full effect across the bloc.
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The withdrawal from Greece is a setback, but the bigger deadline is July 1, when MiCA's stablecoin and custody rules take full effect across the bloc.
The world's largest exchange is still pursuing a MiCA licence elsewhere in the EU, but says uneven authorisation timelines are pushing users, firms and tax base elsewhere.
The Spanish economy ministry is signalling that the December 30 transition deadline is final, with orderly customer wind-downs the only path for venues that have not secured a MiCA license.
MiCA is the EU's landmark attempt to regulate crypto with one unified rulebook. Here's what it is, what it covers, and why it matters globally.
Just 194 of 3,000+ crypto firms have EU licenses as July 1 hits — Binance faces a Greek rejection, Tether's USDT retreats from licensed venues, and the ECB's digital euro timeline quietly benefits.
Binance's bid to serve European Union customers under the bloc's new Markets in Crypto Assets (MiCA) regime is heading…
Binance said the Hellenic Capital Market Commission (HCMC) has finished its review of the exchange's Markets in…
The exchange's EU passport bid died days before it could be tested, leaving Binance serving the bloc through a patchwork of national registrations rather than the unified MiCA license it had targeted.
The withdrawal lands nine days before MiCA's hard deadline, and the regulators who tracked the bid list the same reasons every other jurisdiction will be reading for: prior legal entanglements and…
Spain refuses to extend MiCA for Binance, yet Coinbase and OKX queue up for the same 450M users left behind. A regulatory moment, and a redistributive one.
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Europe's MiCA and the US GENIUS Act approach stablecoins very differently. One targets e-money tokens, the other payment stablecoins, and both squeeze USDT hardest.