Binance withdraws MiCA license application in Greece

Spain’s CNMV says unlicensed crypto firms must wind down by end-June with no extensions, as Binance and other platforms must either secure authorization or exit the EU market in an orderly way.

32d ago

Fact Check

Binance's own official Square post directly confirms the withdrawal of its MiCA license application with the Greek HCMC and its plan to seek authorization in another EU Member State, with the jurisdiction to be disclosed when ready — matching every element of the claim. AML Intelligence independently corroborates the withdrawal. The official primary source makes this highly reliable.

Summary

Binance has told customers in Poland, Italy, Spain and France to withdraw funds and said it will stop serving EU clients from July 1 after failing to secure authorization under the EU’s Markets in Crypto-Assets framework in time. The move follows Binance’s withdrawal of its MiCA application in Greece and comes as Spain’s market regulator, the CNMV, said there will be no deadline extensions or waivers for crypto firms that remain unlicensed during the transition period. CNMV chair Carlos San Basilio said platforms, including Binance, must either obtain a license or carry out an orderly exit from the EU market by the end of June, with regulators monitoring how client assets and cash are transferred to protect investors and ensure compliance.

Terms & Concepts

MiCA: The European Union’s Markets in Crypto-Assets regulatory framework for licensing and supervising crypto-asset service providers across member states.
CNMV: Spain’s securities market regulator, which oversees market conduct and investor protection.
orderly exit: A supervised wind-down process in which a firm stops operating while transferring client assets and funds in a controlled way to reduce disruption and protect customers.