CZ: Binance Greece's MiCA license application was close to approval but was forced to withdraw due to external factors

Binance founder CZ stated that the MiCA license application submitted by Binance in Greece fully complied with regulatory requirements before its withdrawal and was close to approval, but the process was ultimately interrupted due to "intervention by external political factors."

In an interview, CZ mentioned that several countries within the EU had expressed interest in the license, and there was even a certain degree of "competitive pursuit," but the regulatory progress was affected by non-regulatory factors, forcing the application to be withdrawn. Binance officially withdrew its application in Greece last week and stated that it would turn to other EU member states to continue pursuing MiCA authorization.

Regarding market rumors about his connections with high-level EU politicians, CZ stated that he had not seen any verifiable documents and only encountered similar claims online, which he did not confirm. CZ also pointed out that the EU MiCA transition period will officially end on July 1, and platforms that have not obtained licenses will need to cease related services. Regulatory agencies in various countries have made it clear that they will not postpone enforcement, and they evaluate this outcome as a "lose-lose situation," using the regulatory processes in Japan and Singapore as examples to emphasize that compliance processes often require a longer timeframe.

Additionally, when discussing Strategy's STRC preferred stock product, CZ stated that its structure is "too complex" and expressed difficulty in fully understanding its mechanism, but he emphasized that he would not comment on the credibility of its founder Michael Saylor, considering him a "staunch supporter of Bitcoin."