Binance's Greek license application may be rejected, risking loss of eligibility to provide services in the EU

Odaily reports that, according to two sources familiar with the matter, Binance's license application submitted in Greece is expected to be rejected by regulators, which could lead to the company losing its eligibility to provide services to clients within the European Union.

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