Headline: Binance Files MiCA Application in Greece, Targets EU Crypto Regulation Compliance

Binance, the world’s largest cryptocurrency exchange, submitted a formal application to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation, selecting Greece as its regulatory base ahead of the framework’s implementation later this year. The company filed the application with the Hellenic Capital Market Commission (HCMC), the national authority overseeing securities and crypto-asset service providers. In a statement, Binance emphasized that MiCA represents a “positive and important milestone” for the industry, offering greater regulatory clarity and user protections. The firm is engaging closely with the HCMC, which has initiated a fast-track review process involving global advisory firms such as PwC, Deloitte, and KPMG. This move follows Binance’s incorporation of Binary Greece, a local holding entity registered with €25,000 capital, aimed at regional equity management and financial advisory services. The filing marks a strategic effort to reestablish compliance in regulated markets after exiting several European jurisdictions in 2023 amid U.S. regulatory scrutiny. CEO Richard Teng has reiterated Binance’s long-term ambition to reenter the U.S. market, prioritizing compliance.