CZ: Binance's MiCA License Application in Greece Was Close to Approval, But Was Forced to Withdraw Due to External Factors

BlockBeats News, June 29, CZ stated in an interview that Binance's MiCA license application submitted in Greece was fully compliant with regulatory requirements and was close to approval before being interrupted due to "external political interference."

CZ mentioned that several EU countries had shown interest in the license, leading to a certain degree of "competitive bidding," but regulatory progress was ultimately affected by non-regulatory factors, forcing the application to be withdrawn. Binance officially withdrew the Greek application last week and stated that they would seek to advance the MiCA authorization in other EU member states. Regarding market rumors linking them to EU high-level politicians, CZ stated that he had not seen any verifiable documents, only similar claims on the internet, and did not confirm.

CZ also pointed out that the EU MiCA transitional period will officially end on July 1. Platforms without a license by then must cease operating related services. National regulatory agencies have made it clear that there will be no extension, and he described the outcome of this situation as a "lose-lose scenario," citing Japan and Singapore's regulatory processes as examples and emphasizing that compliance processes often require a longer period.