Latecomer aims to change EU crypto regulation before MiCA deadline | American Crypto News



Welcome to the US Cryptocurrency News Morning Briefing – your essential summary of the most important developments in the cryptocurrency world for the day ahead.

Grab a coffee and settle in—Binance is quietly making moves in a corner of Europe that could change the way cryptocurrencies operate on the continent.

Today’s news on digital currencies: Binance’s Greek venture enters late, but carries big ambitions

Fortune magazine reported that Binance has officially applied for a European MiCA license from the European Union through its newly founded Greek company, Binary Greece.

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This move puts Binance in full compliance mode For Markets for Digital Assets (MiCA). at first due date Deciding on July 1, 2026. After this date, unlicensed platforms risk being restricted or excluded from serving EU and EEA users.

She said European Securities and Markets Authority: “Digital asset service providers who provided their services in accordance with applicable law before 30 December 2024 may continue to do so until 1 July 2026, or until they are granted or refused authorization under Article 63, whichever is earlier.”

The decision to build the app in Greece, rather than traditional crypto-friendly centers like Malta or Luxembourg, is a surprising strategic move.

With a registered capital of €25,000 (almost $30,000) and a publicly traded company structure with a single shareholder, Binary Greece signals Binance’s long-term commitment to establishing a European footprint.

The Greek authorities, although historically not the fastest in issuing licenses, offer a simplified approval process and a less saturated regulatory environment. This makes the country an emerging hub for cryptocurrency operations.

MiCA, which comes into effect in 2023, provides a unified regulatory framework for all… The 27 member states of the European Union plus the countries of the European Economic Area. This equates to around 450 million potential users.

To obtain a license from each member state, exchanges can move their services within the continent. This eliminates the need for fragmented national registrations and eases compliance costs.

For Binance, the approval of MiCA will open up operations across Europe, including offering compatible trading, custody and stablecoins. At the same time, you will eat Previous scrutiny in countries like France.

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Joining a Crowded Field: Binance’s Race to MiCA Compliance

Several other major exchanges have already obtained MiCA or equivalent CASP licenses, including:

These licenses allow smooth operations at EU level and office holders in a regulated environment.

However, Binance’s late entry benefits from the company’s size and operational experience to back it up. By doing so, it can regain market share in Europe, where previous restrictions have limited its spread.

The Greek subsidiary was established for an indefinite period, indicating a long-term strategic presence rather than a temporary arrangement.

The July 2026 deadline adds pressure on Binance and other global operators. Full MiCA compliance is mandatory to provide services such as:

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  • Issuance of stablecoins
  • Stock trading, and
  • Reservation via cluster.

It should be noted that some European Union countries (France, Italy and Austria) have expressed their concern about the MiCA passport granting mechanism.

They proposed more centralization under the European Securities and Markets Authority (ESMA). However, hitting the tire at this point would be turbulent.

Binance’s potential approval does not make it uniquely superior in licensing, as it joins a competitive field of MiCA-compliant exchanges.

However, the move will eliminate a significant regulatory burden, increase credibility and allow a full European enlargement with economic efficiency.

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With the Greece binary, Binance controls a strategic investment in the EU market and in the emerging Greek cryptocurrency ecosystem.

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Here’s a roundup of more US cryptocurrency news to follow today:

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