Binance, the world's leading cryptocurrency exchange, is making significant strides to expand its operations in Europe by seeking a Markets in Crypto-Assets Regulation (MiCAR) license in Greece. This strategic move is aimed at enabling the exchange to operate seamlessly across all EU member states. The publication provides the following information:
Application Submitted to Hellenic Capital Market Commission
The application has been submitted to the Hellenic Capital Market Commission, with Binance collaborating with prominent consulting firms
- KPMG
- Ernst & Young
Impact of MiCAR License on Binance and the Industry
Despite Greece not being recognized as a major financial hub in Europe, Binance's decision to file for the MiCAR license there has sparked discussions within the industry. Securing this license is essential for Binance to maintain its operations within the EU, especially as regulatory scrutiny intensifies across the region. The outcome of this application could set a precedent for other cryptocurrency exchanges looking to navigate the evolving regulatory landscape in Europe.
In a related development, Grayscale has announced plans to launch a new ETF focused on Binance Coin (BNB), which could significantly impact its market performance. For more details, see the full article.
