Binance Files for EU MiCA License in Greece, Strengthening Europe Presence

2 min

Binance has applied for a Markets in Crypto Assets (MiCA) license in the EU, filing in Greece. This move aims to bolster Binance's regulatory position in Europe.

Key Points

The MiCA license would allow Binance to operate across the EU if approved by the Hellenic Capital Market Commission before the July 1 deadline.
Binance has established "Binance Greece" as a single-shareholder public limited company with an initial capital of €25,000.
Gillian Majella Lynch, Head of Europe and the UK at Binance, will lead the new company. She has extensive experience in banking, fintech, and crypto.
The holding company will focus on acquiring and managing equity stakes and providing advisory services related to investment strategy and liquidity management.
Binance recently listed RLUSD, Ripple’s USD-pegged stablecoin, initially supported on Ethereum. Support for XRP Ledger is expected later.

Industry Context

The MiCA deadline on July 1 requires crypto firms to secure licensing or risk non-compliance.
Italian authority Consob stated that VASPs registered since 2024 can operate under old rules until June 30, 2026.
Other exchanges like KuCoin have already obtained MiCA licenses in countries such as Austria, allowing them to provide services across the European Economic Area.