ECB Influence Clouds Binance's EU MiCA License Bid

Binance's application for a Markets in Crypto-Assets Regulation (MiCA) license in Greece has been put into question due to potential involvement from the European Central Bank (ECB), despite its lack of formal authority over licensing decisions.

MiCA assigns approval of crypto-asset service provider (CASP) licenses to national competent authorities (NCAs), but lawyers told Cointelegraph that this doesn't prevent other EU institutions, including the ECB, from communicating with those regulators during the review process.

'Nothing in the MiCA framework would prevent a third party like the ECB from offering its opinion to that national authority on Binance's application,' said David Lesperance, founder at Lesperance & Associates.