Binance eyes alternative EU licensing route if Greek bid fails: Report

Binance reportedly plans to seek authorization in another EU jurisdiction as the MiCA deadline approaches, with unlicensed crypto firms expected to wind down activities in the bloc.

Crypto exchange Binance reportedly plans to seek a different route to authorization in the European Union after its licensing application in Greece encountered a setback.

Speaking to Reuters, Gillian Lynch, Binance’s head of Europe and the United Kingdom, said the exchange is "not leaving Europe” and would pursue authorization in another EU jurisdiction if its application in Greece does not move forward.

Lynch said Binance contacted other regulators but submitted a formal application only in Greece. The exchange reportedly held talks with Ireland, Latvia and Greece but encountered resistance over its past money-laundering penalties, international structure and what officials viewed as a risk-taking culture.

Read more