Binance Shuts Down Lagarde Speculation, Remains Committed to MiCA

Binance has brushed off speculation that European Central Bank President Christine Lagarde intervened in its failed Greek crypto license bid. The exchange reaffirmed its commitment to operating under the EU's Markets in Crypto-Assets Regulation (MiCA).

The Wall Street Journal reported that a vice chair of Greece's Hellenic Capital Market Commission (HCMC) told Binance that Lagarde had asked Greek Prime Minister Kyriakos Mitsotakis not to approve its application.

Greek officials informed the European Securities and Markets Authority in early June that the regulator intended to approve the license, but Binance later withdrew its application and said it would seek authorization in another EU jurisdiction just days ahead of the July 1 MiCA deadline.