Image Credit: Shutterstock
Binance says it is in early talks with European regulators that have invited the exchange to apply for new licenses after its MiCA application in Greece stalled.
Co-CEO Richard Teng said the discussions are still at an early stage and declined to name the regulators or jurisdictions involved.
Teng Says EU Licensing Talks Continue
Teng said Binance remains in close contact with EU regulators after withdrawing its Markets in Crypto-Assets (MiCA) application in Greece.
He said some regulators had invited Binance to apply under their licensing regimes, but the exchange was not ready to identify where it may next seek authorization.
The comments suggest Binance is still looking for an EU licensing route after the Greek application failed to deliver approval before the MiCA transition period ended.
Greece Application Was Withdrawn June 24
Binance withdrew its MiCA application with Greece’s Hellenic Capital Market Commission on June 24.
The exchange said at the time that it would seek authorization in another EU member state. It also told users their assets remained safe and that affected customers would receive direct instructions based on country and account status.
Teng said the delay in Greece surprised Binance because the company believed its application met the requirements. He said Binance withdrew to avoid leaving EU users with a short transition window if approval did not arrive in time.
MiCA Transition Forced EU Access Limits
MiCA allows a crypto firm licensed in one EU country to passport services across the bloc. Firms without authorization after the transition period must limit activity and move toward an orderly wind-down. Binance’s licensing position is being watched because MiCA requires firms to secure authorization to keep serving EU users.
Binance previously faced resistance over anti-money laundering penalties, its international structure, and concerns about senior leadership. Binance has disputed that view and said it has invested in compliance, controls and staffing.
Binance Has Not Named Next EU Jurisdiction
Binance has not named the EU member state where it may next apply for MiCA authorization. Teng also said the exchange is seeking more licenses in Asia, including activity across Japan, South Korea, Thailand, Indonesia and Australia.
For now, Binance’s European plans remain tied to regulator talks, user transition notices and whether another member state approves the exchange under MiCA.
