Christine Lagarde reportedly opposed Binance entering the EU market.
According to The Big Whale, Lagarde raised objections during discussions with the Greek government regarding the exchange’s EU expansion plans.
Sources suggest this stance may have influenced the position of Greece’s regulator, the Hellenic Capital Market Commission (HCMC), regarding Binance’s application for a MiCA license.
If Greece ultimately rejects the application, France could become Binance’s last viable option to maintain access to the European market.
Binance previously stated that it had submitted a complete application in Greece and believed the HCMC had already completed its review and found it compliant with MiCA requirements. The final decision would still require approval at the EU level by European Securities and Markets Authority.
According to The Big Whale, Lagarde raised objections during discussions with the Greek government regarding the exchange’s EU expansion plans.
Sources suggest this stance may have influenced the position of Greece’s regulator, the Hellenic Capital Market Commission (HCMC), regarding Binance’s application for a MiCA license.
If Greece ultimately rejects the application, France could become Binance’s last viable option to maintain access to the European market.
Binance previously stated that it had submitted a complete application in Greece and believed the HCMC had already completed its review and found it compliant with MiCA requirements. The final decision would still require approval at the EU level by European Securities and Markets Authority.