ECB’s Lagarde said to have pushed Greece to block Binance’s MiCA bid: Report

European Central Bank President Christine Lagarde played a key role in derailing Binance’s planned authorization under the Markets in Crypto-Assets regulation in Greece, leaving France as the exchange’s last realistic path to securing access to the European market, The Big Whale reported Wednesday, citing sources familiar with the matter.

According to the report, Binance’s Greek application had cleared most regulatory hurdles and was expected to move forward. However, the process allegedly stalled after concerns were raised at the political level over stablecoins and Binance’s influence on the European crypto market.

The collapse of the Greek route has forced Binance to focus on France, where discussions with the AMF are reportedly ongoing. No application has been filed yet, but France is now viewed as the only realistic jurisdiction capable of granting a MiCA authorization within the required timeframe.

This is a developing story.

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