According to the Wall Street Journal, European Central Bank President Christine Lagarde personally intervened to block Binance’s MiCA license approval in Greece. Lagarde wants the Digital Euro, with a pilot scheduled for mid-2027 and official launch for 2029, to remain unchallenged by dollar-based stablecoins from crypto platforms. Binance withdrew its initial application with Greece’s HCMC regulator in June and plans to reapply in another European country, likely France. Starting in 2027, the European Securities and Markets Authority (ESMA) will become the sole cryptocurrency regulator in Europe, and Binance’s approval delay is linked to this transition. The exchange stated that the MiCA approval process should not be undermined through informal interventions.
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