Binance Establishes Greek Subsidiary, Applies for MiCA License Before Deadline

Binance has established a formal presence in Greece by setting up a wholly owned subsidiary named "Binary Greece" as part of its efforts to secure a Markets in Crypto-Assets (MiCA) license before the July 1 deadline.

Key Developments

Binary Greece is incorporated as a single-shareholder public limited company with an initial share capital of €25,000.
The entity acts as a holding company focused on acquiring and managing equity stakes both within Greece and internationally.
It is authorized to offer advisory services related to capital structuring, investment strategy, and liquidity management.
Gillian Majella Lynch, experienced in banking, fintech, and digital assets, leads the new entity.

Regulatory Strategy

Binance is engaged in discussions with Greece’s Hellenic Capital Market Commission regarding the MiCA license application.
The MiCA framework is seen by Binance as providing regulatory clarity and supporting innovation across the EU while ensuring compliance.
Greece's economic growth and stable regulatory environment are key factors in Binance's decision to establish operations there.