Binance has decided to withdraw its application under MiCA, or Markets in Crypto Assets regulation, in Greece, according to a post on X.
The company said that it made the decision to withdraw “after careful consideration of the current status and timeline of the Greek process, with our users’ interest at the center.”
Binance added that Europe is an important market for the platform and that its ambitions remain unchanged. The company confidently stated they will gain a license in the coming months. The announcement from Binance indicates that an application in another member state is said to be coming soon.
As there is a July 1, 2026, deadline to comply with EU rules, Binance said it will take “necessary steps” that will affect some users.
“We are confident in our future in Europe and will continue working with regulators to determine the right path forward for Binance and our customers in the EU.”
It has previously been reported that Greece was pressured not to approve Binance under the MiCA rules. Allegedly, Christine Lagarde told Greek Prime Minister Kyriakos Mitsotakis that Binance was not welcome in Europe.
While Lagarde, the President of the European Central Bank, has exceptional clout and influence in the EU, it would be an exceptional situation for Binance to be blocked while complying with stated rules.