Binance has withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece, just days before the July 1 EU deadline. The decision comes amid reports that Greek, Irish, and Latvian regulators raised concerns over Binance's past legal issues and corporate structure. Binance stated it will pursue authorization in another EU member state and reassured users that funds are safe. The move means Binance must secure a license elsewhere or face winding down operations across the 27-nation bloc. Under MiCA rules, crypto firms need approval from at least one EU country by July 1 to serve regional clients. Binance's head of Europe and UK said the company is not leaving Europe, and the firm expects to obtain a license in the coming months. The withdrawal follows a June 16 statement from Binance claiming its application was compliant despite reports of rejection. The EU regulatory landscape is shifting as ESMA prepares to take over oversight.

Key facts

• Binance withdrew MiCA license application in Greece before July 1 deadline.
• Regulators in Greece, Ireland, and Latvia raised concerns over Binance's legal issues.
• Binance says funds are safe and will seek license in another EU country.
• Under MiCA, unlicensed firms must wind down EU operations after July 1.
• Binance claims its application was compliant despite reports of rejection.