Binance, the world’s largest cryptocurrency trade, could also be unable to serve European prospects if its regulatory license utility in Greece is rejected, Reuters reported on Tuesday.
Binance’s Marketplace for Cryptocurrency (MiCA) license utility, which have to be authorised by a deadline on the finish of this month, is anticipated to be rejected by Greece’s monetary watchdog, the Hellenic Capital Markets Fee (HCMC), the report stated, citing two individuals conversant in the scenario.
Binance stated it has been pursuing the MiCA license for the previous 18 months, together with a complete utility course of with Ho Chi Minh Metropolis, Greece.
“It’s our understanding that Ho Chi Minh Metropolis has accomplished its overview of the appliance and deemed it compliant with MiCA necessities, and that the appliance was additionally reviewed on the ESMA degree,” a Binance spokesperson informed CoinDesk by way of e mail.
The spokesperson additionally stated: “Ho Chi Minh Metropolis has knowledgeable ESMA that it’s of the view that the appliance is compliant and intends to proceed with the license and transfer in the direction of approval at a future board assembly.”
