Binance withdraws its Greece MiCA application and targets an unnamed EU member state as the July 1 wind-down deadline for unauthorized crypto firms approaches.

Binance has reportedly withdrawn both applications it had submitted to the Capital Market Commission and the Bank of Greece.

Binance's pursuit of EU compliance highlights the challenges and complexities of navigating evolving crypto regulations in the region.

Cryptocurrency exchange Binance said Thursday it will suspend services in several European countries from next week as it has been unable secure regulatory approval to operate in…