Binance set to lose permission to operate in EU, sources say
Binance is reportedly set to lose its license to operate in the European Union as its application in Greece is expected to be rejected. This development follows the implementation of the new MiCA regulatory framework for crypto assets.
Why it matters
The potential exclusion of the world's largest crypto exchange from the EU market highlights the tightening regulatory environment for digital assets globally.
Binance, the world’s largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters.
The article relies on reports regarding regulatory compliance and provides both the regulator's perspective and the company's response.
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