CZ: Binance’s MiCA License Application in Greece Was Nearly Approved, Withdrawn Due to External Factors

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MiCA license application in Greece fully complied with regulatory requirements and was close to approval before being withdrawn.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

In an interview, CZ noted that several EU member states had expressed interest in the license, even showing signs of "competitive bidding." However, the final regulatory progress was impacted by non-regulatory factors, forcing the application's withdrawal. Binance officially withdrew its Greek application last week, indicating it would pivot to other EU member states to continue pursuing MiCA authorization. Regarding market rumors linking him to high-ranking EU political figures, CZ stated he has not seen any verifiable documents, only similar claims online, and did not confirm them.

CZ also pointed out that the EU's MiCA transition period will officially end on July 1st. At that time, platforms without licenses must cease related service operations. National regulatory bodies have made it clear that no extensions will be granted, describing this outcome as a "lose-lose situation." Citing the regulatory histories of Japan and Singapore, he emphasized that compliance processes often require longer timeframes.

Additionally, when discussing Strategy's STRC preferred stock product, CZ remarked that its structure is "too complex," claiming it is difficult to fully understand its mechanism. However, he stressed that this does not imply a judgment on the credibility of its founder, Michael Saylor, whom he regards as a "staunch Bitcoin supporter." (The Block)