Binance pivots to France as Greek regulatory bid collapses

The collapse of the Greek application leaves the exchange in a precarious position. Under the new EU rules, crypto firms must secure authorization from a single member state to utilize the bloc’s passporting system. With the Greek window effectively closed due to political concerns regarding stablecoins and the exchange’s market influence, France’s Autorité des marchés financiers (AMF) has become the only realistic path to maintaining uninterrupted access to European customers.

Binance claims its application met all MiCA requirements and had already undergone review by the European Securities and Markets Authority. The exchange warned that prolonged uncertainty surrounding these approvals could stifle market liquidity, reduce consumer choice, and push trading activity outside the EU. While discussions with French regulators are underway, no formal application has been submitted. The company maintains that it has operated in good faith for the past 18 months and intends to provide further updates before the end-of-month cutoff.