The world’s largest crypto exchange has recently faced significant regulatory challenges that could ultimately force it to stop serving clients in the European Union.
Earlier this month, Reuters reported that the company’s application through Greece’s Hellenic Capital Market Commission (HCMC) is expected to fall short: a development that may strip Binance of the license it needs to stay in the bloc after the June 30 deadline.
The firm assured that it remains fully committed to securing the necessary MiCA approval. Speaking on the matter was CEO Richard Teng, who said:
“Binance is dedicated to Europe. We are committed to our European users and to operating under a clear, fair, and harmonized MiCA framework. We are dedicated to securing our MiCA license and remain ready to operate under a fair, predictable, and genuinely harmonized European framework. We will continue to keep users updated as we make progress.”
Just recently, Reuters revealed that the exchange will make a fre
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