Binance's Greek License Application Reportedly Denied, Risking Loss of EU Service Eligibility

Odaily reports that according to two informed sources, Binance's license application submitted in Greece is expected to be rejected by regulators. This could potentially result in the exchange losing its eligibility to provide services to clients within the European Union.

The report indicates that if the license application is ultimately denied, Binance's compliance strategy in the EU market will face a significant setback. However, as of now, the relevant decision has not yet been officially announced. (Reuters)