Binance withdraws MiCA application in Greece, says it will pursue EU authorization elsewhere

Binance has withdrawn its Markets in Crypto-Assets (MiCA) license application in Greece and now plans to seek approval in another European Union member state, according to a Binance post. The company said its commitment to Europe remains unchanged, even as it shifts away from the Greek process.

The move leaves Binance without the Greek route it had been pursuing under the EU’s MiCA framework. In the material available, Binance did not name the next jurisdiction it intends to approach, and the exact alternative licensing plan remains unclear.

According to the Binance post, the decision followed a review of the status and timeline of the Greek process, with the company saying it had worked constructively with the Hellenic Capital Market Commission. Binance also said user funds remain safe and accessible, and that it will communicate directly with affected European users about any account changes.

The withdrawal matters because MiCA is becoming the key regulatory framework for crypto firms operating across the bloc. Binance’s decision shows that, even with a European-wide regime in place, the path to authorization can still depend on local regulatory timelines and approval processes.

Available reporting indicated that Binance still intends to remain active in Europe, but the company has not yet disclosed where it will seek the next authorization. Further confirmation on the new venue and the timing of any filing is still pending.