Binance Submits MiCA License Application in Greece, Advancing EU Compliance Expansion

Odaily News Binance's Co-CEO Richard Teng revealed that the exchange submitted an application to Greek regulators last month, seeking an operating license under the European Union's Markets in Crypto-Assets Regulation (MiCA). MiCA requires crypto firms to obtain a license by July 2026 to operate within the EU. Teng stated that the MiCA license is standardized across Europe, necessitating a comprehensive consideration of multiple factors such as labor force, talent pool, and security. Greece is seen as a suitable base for expansion within the EU.

The crypto market has experienced significant volatility over the past year, with Bitcoin down approximately 50% from its high of $126,000 in October last year. Teng noted that retail sentiment has weakened, but institutional participation remains stable, stating, "Smart money, institutional funds, long-term capital are still flowing in." (Finance Feeds)