Binance says its European regulatory application is compliant despite report of Greek rejection

Binance, the world’s largest cryptocurrency exchange, whitethorn beryllium incapable to service customers successful Europe if its regulatory licence exertion successful Greece is turned down, arsenic Reuters reported connected Tuesday.

Binance’s Markets successful Crypto Assets (MiCA) licence application, which has to beryllium approved by a deadline astatine the extremity of this month, is going to beryllium rejected by the Greek fiscal watchdog Hellenic Capital Market Commission (HCMC), according to the report, which cited 2 radical acquainted with the situation.

Binance said it has been pursuing a MiCA licence implicit the past 18 months, including done a broad exertion process with the HCMC successful Greece.

“Our knowing is that the HCMC completed its reappraisal of the exertion and considered it compliant with MiCA requirements, and that the exertion was besides reviewed astatine ESMA level,” a Binance spokesperson told CoinDesk via email.

The spokesperson besides said that "HCMC informed ESMA that it was their presumption that the exertion was compliant and that they intended to advancement the licence and determination to authorise astatine an upcoming Board meeting."

Binance chose Greece arsenic its MiCA jurisdiction pursuing speculation that it mightiness question a licence successful Malta, wherever it had offices. The speech acceptable up a Greek holding institution successful conjunction with the HCMC licence application, Greek media reported precocious past year.

The Hellenic Capital Market Commission did not instantly respond to requests for comment.