Svmuu News: CZ, founder of Binance, stated that Binance’s MiCA license application submitted in Greece had fully complied with regulatory requirements and was close to approval before it was withdrawn; however, the process was ultimately interrupted due to “external political factors.”
In an interview, CZ noted that several EU member states had expressed interest in the license, with even a degree of “competitive bidding” emerging. However, the regulatory process was ultimately derailed by non-regulatory factors, forcing the withdrawal of the application. Binance officially withdrew its Greek application last week and announced it would shift its focus to other EU member states to continue pursuing MiCA authorization.Regarding market rumors linking the company to high-ranking EU politicians, CZ stated that he had not seen any verifiable documents and had only encountered such claims online, which he could not confirm.
CZ also pointed out that the EU’s MiCA transition period will officially end on July 1,at which point unlicensed platforms must cease operating related services. National regulators have made it clear that they will not extend the deadline, and CZ assessed this outcome as a “lose-lose situation.” Citing the regulatory processes in Japan and Singapore as examples, he emphasized that compliance processes often require a longer timeframe.
Additionally, when discussing Strategy’s STRC preferred stock product, CZ described its structure as “too complex” and said he found it difficult to fully understand its mechanics. However, he emphasized that he was not passing judgment on the credibility of its founder, Michael Saylor, whom he described as “a staunch supporter of Bitcoin.” (The Block)