Binance, one of many world’s main crypto exchanges, has filed for a Markets in Crypto-Property (MiCA) license in Greece by means of a holding company referred to as Binary Greece as a part of its bid for EU-wide working rights.
Athens-based Binary Greece was registered late final yr, in accordance with D Information. The entity serves as Binance’s residence base for securing a MiCA license, which, if granted, would permit the corporate to passport its companies throughout all 27 EU member states from a single regulatory hub.
The appliance is being reviewed by the Hellenic Capital Market Fee (HCMC), Greece’s securities regulator.
The HCMC has invited 5 main audit and advisory companies, together with Ernst & Younger, KPMG, Grant Thornton, Deloitte, and PwC, to help with the complicated evaluation required beneath the EU’s MiCA framework.
The MiCA framework, launched by the EU in 2023, requires digital asset companies working in Europe to acquire authorization earlier than July 1, 2026. Solely 4% of crypto platforms registered in France have secured MiCA authorization up to now.
Approval would assist Binance preserve its presence forward of the July deadline, after which unlicensed companies should stop operations in a number of member states.
