Binance Pursues MiCA License in Greece to Expand EU Market Reach
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 5d ago- Strategic Application: Binance is applying for a MiCA license in Greece to align with the EU regulatory framework before the July 1 deadline, which would enable it to offer services across 27 EU member states, significantly enhancing its market reach.
- Compliance Advantage: By establishing a local entity in Greece and collaborating with major international auditing firms, Binance aims to streamline the approval process, enhancing its stability and scalability in the European market while overcoming previous regulatory setbacks in Germany and Austria.
- Market Integration: The implementation of the MiCA regulation will provide a unified framework for crypto asset activities, with Binance's application highlighting Greece as a strategic entry point to leverage passporting advantages for services throughout the EU.
- User Base: Binance serves over 20 million users across at least six European countries, and obtaining the MiCA license in Greece would further solidify its leading position in the competitive European crypto market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
