Binance Applies for MiCA License in Greece

Binance, the world's largest cryptocurrency exchange, has submitted an application for a license under the European Union's Markets in Crypto-Assets (MiCA) regulation in Greece, positioning the company to maintain operations across the bloc ahead of a key compliance deadline on July 1.

The application, filed with Greece's financial regulator, the Hellenic Capital Market Commission (HCMC), comes as crypto firms race to secure approvals to avoid halting services in the 27-nation European Union. Binance established a local holding company, Binary Greece, in December to support its bid. The entity, structured as a single-shareholder public limited company with an initial capital of 25,000 euros, is designed for indefinite operation and focuses on financial advisory services and investments. A Binance spokesperson confirmed the submission and ongoing discussions with the HCMC, noting that the regulator has accelerated the review process and enlisted major accounting firms to assist.

Greece emerged as Binance's choice due to its robust economic outlook and supportive regulatory framework. The country anticipates gross domestic product growth of 2.4 percent in 2026, outpacing the EU...