Changpeng Zhao: Binance Greece MiCA Application Was Originally Close to Approval, Later Withdrawn Due to Political Factors

Binance founder Changpeng Zhao stated that Binance's license application submitted in Greece under the EU Markets in Crypto-Assets Regulation (MiCA) was originally "fully compliant" and was close to approval by at least one EU regulatory authority, but was subsequently withdrawn due to political interference. Zhao stated that this move represents a loss for both Binance and the European market.