Binance withdraws MiCA license application in Greece

Binance has withdrawn its application for a license in Greece under the European Union's Markets in Crypto-Assets (MiCA) regulation, even as it plans to reapply for MiCA licenses elsewhere in the bloc. In a post on its official X account, the exchange stated the decision was made after a careful review of the status and timeline of the licensing process with the Greek government. Binance added that Europe is an important market and expressed confidence in securing licenses in the coming months. The company assured users that their funds are safe and said any affected European customers will be directly notified of changes before the compliance deadline. The withdrawal follows an earlier report from Reuters, which cited multiple sources saying Binance's Greek application was likely to be rejected.