Binance withdraws Greece-filed MiCA application

Binance said it plans to seek authorization in another EU jurisdiction just days ahead of the July 1 MiCA deadline, as unlicensed crypto firms are expected to wind down activities in the bloc.

[Update 14:47 UTC, June 24: Updates with comments from Binance beginning in first paragraph.]

Crypto exchange Binance is withdrawing its MiCA application with Greece's Hellenic Capital Market Commission (HCMC) and intends to pursue authorization in another member state just days before the deadline for EU licensing.

“When we are ready to announce that Member State, we will do so publicly,” the company said in a statement on Wednesday.

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