Binance has submitted a MiCA license application to Greece, advancing its compliance expansion within the EU.

Binance co-CEO Richard Teng revealed that the exchange submitted an application to Greek regulators last month to obtain an operating license under the EU's Crypto Asset Market Regulation (MiCA). MiCA requires crypto companies to obtain a license by July 2026 to operate within the EU. Teng stated that MiCA licenses are standardized across Europe, thus requiring consideration of multiple factors such as labor force, talent pool, and security; Greece is considered a suitable base for expansion within the EU. The crypto market has experienced significant volatility over the past year, with Bitcoin falling approximately 50% from its October high of $126,000. Teng noted that retail investor sentiment has weakened, but institutional participation remains stable, with "smart money, institutional funds, and long-term capital continuing to flow in." (Finance Feeds)