Crypto exchange Binance is actively seeking alternative routes to obtain authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulation, after its license application in Greece did not proceed as expected, Reuters reported Wednesday. Gillian Lynch, the company’s head of Europe and the UK, stated that Binance intends to remain active in the region despite the failed bid.
The situation is incredibly urgent because Binance’s existing authorization is set to expire within a week. Without a new licence, the company may have to scale back or cease operations in Europe.
This is a developing story.
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