CZ: Binance’s Greek MiCA License Application Nearly Approved, Withdrawn Due to External Factors

Odaily reports that Binance founder CZ stated that the company's MiCA license application in Greece fully met regulatory requirements and was close to approval before being withdrawn, but the process was ultimately disrupted due to "the intervention of external political factors."

In an interview, CZ said that multiple countries within the EU had expressed interest in the license, and there was even a degree of "competitive courting." However, the regulatory process was ultimately affected by non-regulatory factors, forcing the withdrawal of the application. Binance officially withdrew its Greek application last week and stated that it would turn to other EU member states to continue pursuing MiCA authorization. Addressing market rumors linking him to high-level EU political figures, CZ said he had not seen any verifiable documents, only similar claims online, which he could not confirm.

CZ also pointed out that the EU's MiCA transitional period will officially end on July 1. After that, platforms without a license must cease operating related services. National regulators have made it clear they will not extend the deadline. He described this outcome as a "lose-lose situation" and, citing the regulatory journeys of Japan and Singapore as examples, emphasized that compliance processes often require a longer period.

Furthermore, when discussing Strategy's STRC preferred stock product, CZ described its structure as "too complex" and said he found it difficult to fully understand its mechanism. However, he emphasized that he would not judge the credibility of its founder, Michael Saylor, calling him a "staunch Bitcoin supporter." (The Block)