Binance withdraws its MiCA license application in Greece and announces the delisting of tokens in Italy due to regulatory pressures.
1 report, 1 independent
Updated Jul 1
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What happened
Binance withdraws its MiCA license application in Greece and announces the delisting of tokens in Italy due to regulatory pressures.
Who's involved
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The entities involved
Related events
- The Financial Conduct Authority (FCA) has banned crypto derivatives for retail customers, while Binance operates under a main license in the UAE and is founded by Changpeng Zhao.
- Binance is seeking MiCA approval to operate in the EU, with ESMA as the ultimate authority, involving former CEO Changpeng Zhao and various national regulators.
- Binance benefits from its U.S.-based subsidiary.
- Binance operates globally and maintains major investment ties.
- Binance offers tokenized access to Nasdaq-listed assets.