ECB reportedly intervened to block Binance's MiCA license in Greece

The European Central Bank (ECB) reportedly directed Greek financial authorities to reject Binance's application for a Markets in Crypto-Assets (MiCA) license. Gareth Jenkinson of The Block reported on X that, according to a source, Greek regulators had effectively approved Binance's application before the ECB intervened behind the scenes to ensure its rejection. Jenkinson noted that if the ECB is taking control of MiCA licensing decisions, it could be a negative development for the crypto market.