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Binance Seeks MiCA Approval in Greece Ahead of EU Regulatory Deadlines

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Binance, the world’s largest cryptocurrency trade, confirmed it has submitted an software for a Markets in Crypto-Assets (MiCA) license in Greece as crypto companies throughout Europe velocity up their efforts to safe regulatory approval earlier than the transitional interval expires.

The transfer provides Greece to the listing of EU member states being thought of by giant digital asset platforms trying to protect entry to the bloc’s single market as soon as MiCA’s licensing regime comes into pressure. Companies have till June 2026 to safe the license.

Engagement With Greek Authorities Begins

A Binance spokesperson confirmed to CryptoInformation that the corporate has formally lodged its MiCA software and has begun discussions with the Hellenic Capital Market Commission (HCMC), the nation’s monetary regulator.

“We have submitted our MiCA software and are actively participating with the Hellenic Capital Market Commission (HCMC),” the spokesperson mentioned.

“We view MiCA as an vital milestone for the crypto trade, bringing regulatory readability, stronger shopper safeguards, and a clearer framework for accountable innovation.”

The spokesperson provides that Binance welcomes collaboration with Greek regulators because the EU-wide regime is applied noting the agency’s intention to help the long-term improvement of Europe’s digital finance ecosystem.

Unified EU Rules Drive Licensing Push

MiCA goals to type a harmonized regulatory system for crypto-asset service suppliers working in the European Union changing the fragmented nationwide registration fashions.

Once licensed member state companies can supply providers throughout all 27 EU international locations by passporting rights. With compliance timelines approaching exchanges face mounting stress to safe approval.

MiCA represents one of the most comprehensive regulatory frameworks for crypto-assets globally, aiming to offer authorized certainty, shield traders and push innovation in the quickly evolving digital finance area.

France Steps Up Oversight of Crypto Sector

Binance’s software in Greece comes as regulators in France intensify oversight of the crypto industry. In October the French authorities launched anti-money laundering inspections overlaying dozens of crypto companies, together with Binance and home trade Coinhouse.

The inspections had been being led by France’s prudential supervision authority the Autorité de Contrôle Prudentiel et de Résolution (ACPR) because it evaluates which of greater than 100 registered entities will qualify for EU-wide authorization beneath MiCA.

As MiCA reshapes Europe’s crypto regulatory surroundings the end result of licensing purposes over the approaching months is anticipated to play a decisive function in figuring out which international platforms keep entry to 1 of the world’s most vital digital asset markets.

The submit Binance Seeks MiCA Approval in Greece Ahead of EU Regulatory Deadlines appeared first on Cryptonews.

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