Its Greek holding company, Binary Greece, was set up as a single-shareholder public limited company, with initial share capital declared at €25,000.
Binary Greece has been incorporated for an indefinite duration, signalling a long-term strategic presence in the country, while its articles of association state that its primary enterprises will be the offering of financial advisory services and investment in companies in Greece and elsewhere.
Binance in GreeceGreece has yet to award MiCA licensing to any cryptocurrency service provider, yet Binance told Decrypt that it is “actively engaging” with the HCMC, which began fast-tracking the licensing process after Binance established its local holding company.
“We welcome the opportunity to work closely with the HCMC as this new regulation takes shape in the EU and look forward to contributing to the long-term growth of the EU’s Europe’s digital financial ecosystem,” a spokesperson for the exchange said.
Its spokesperson said, “Greece is an important contributor to the EU’s economic framework, with an economy growing above the EU average and a strong regulatory environment that promotes financial stability, transparency, and investor protection.”
The EU's MiCA regimeWithout MiCA licensing, Binance would have to cease offering services within the European Union from July 1 onwards.
Another 27 had responded that they had applied for a license, a group which now includes Binance, which says that it welcomes the MiCA regulation.
Its spokesperson said, “We see MiCA as a positive and important milestone for the industry - one that brings greater regulatory clarity, stronger user protections, and a clear framework for responsible innovation.”
So far, MiCA licenses have been granted to companies including Coinbase, Kraken, Bitstamp, eToro, Circle and Revolut.
