Binance Chooses Greece for European License

Binance, the world's largest cryptocurrency exchange, has applied for a license to operate in the European Union, choosing Greece as its regulatory base, under the Markets in Crypto-Assets (MiCA) regulation.

The application was submitted to the Greek Hellenic Capital Market Commission, following the establishment of the company 'Binary Greece' with a share capital of 25,000 euros. The application is being reviewed using a fast-track process, with the support of international consulting firms such as PwC, Deloitte, and KPMG.

This move is part of Binance's strategy to reposition itself in regulated markets, following an agreement with U.S. authorities. Compliance with MiCA is a priority, offering clearer rules and user protection.

Source: newmoney.gr