Binance withdrew its MiCA application in Greece after reported resistance and told users the absence of a formal decision before the transition deadline forced it to seek authorization elsewhere. Reports noted that talks with regulators in Ireland and Latvia had also encountered friction, though Binance maintains that Greece was its only formal application. ESMA has […] The post Why Europe is struggling to give Binance the MiCA license it needs appeared first on CryptoSlate.

Binance will stop serving clients in the European Union from July 1 after missing the deadline to obtain authorization under the EU's Markets in Crypto-Assets (MiCA) framework.

Crypto exchange Binance says it does not intend to leave the European market, despite the fact that the company does not have a MiCA licence, Gillian Lynch, head of Europe and the United Kingdom at Binance, in an interview with Reuters. According to Lynch, Binance is now exploring alternative routes to still obtain permission to [&hellip The post Binance remains active in Europe despite setback with licence appeared first on TechCentral.ie.

Binance has continued serving and onboarding some European Union customers more than two months after missing the bloc’s MiCA licensing deadline, using regulatory provisions and offshore routing while it seeks authorization elsewhere. According to a Bloomberg report, the world’s largest…