Regulators invited Binance to seek new licenses after MiCA setback, co-CEO says

Binance is pursuing new crypto licensing opportunities in Europe after withdrawing its MiCA application in Greece, with co-CEO Richard Teng saying some regulators have invited the exchange to reapply in other jurisdictions. The article highlights ongoing regulatory pressure in the EU after MiCA’s transition period ended July 1, requiring crypto firms to serve EU clients through authorized entities. Teng said Binance withdrew in Greece to avoid leaving users in a short transition window after delays in approval. He also said 70% of assets withdrawn by EU users moved to self-custody wallets, while only 30% went to MiCA-regulated entities. The piece is broadly positive for crypto market access and exchange competition, but it underscores heightened regulatory fragmentation and compliance risks for exchanges operating in Europe and Asia.