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CZ says Binance’s EU MiCA application was near approval before politics intervened

CZ says Binance’s EU MiCA application was near approval before politics intervened

CZ told The Block Binance withdrew its Greece MiCA license application last week after saying it had met regulatory requirements and was close to approval.

Fact Check
The originating The Block article (post 406554) directly quotes CZ stating the Greek MiCA application was 'fully compliant' and near approval by an EU regulator before unspecified political forces intervened, prompting withdrawal — matching the claim. A separate The Block report (post 406009) independently confirms Binance withdrew the Greek application 'last week' and will pursue authorization in another EU member state. The claim accurately reflects what CZ told The Block.
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Summary

CZ said Binance’s MiCA license application in Greece had fully met regulatory requirements and was close to approval before being withdrawn because of what he described as external political factors. He told The Block the exchange formally withdrew the application last week and said two EU countries had competed for the filing. Binance now plans to seek MiCA authorization in other EU member states to keep operating in the bloc after the framework takes effect. The remarks add detail to Binance’s effort to secure authorization under the European Union’s crypto regulatory regime as it navigates regulatory friction in the region.

Terms & Concepts
  • MiCA: The European Union’s regulatory framework for crypto-asset markets.
  • transition period: A temporary regulatory window before full compliance or licensing requirements take full effect.