Lagarde Reportedly Opposed Binance EU License Over Compliance, Stablecoin Risks

European Central Bank President Christine Lagarde reportedly raised objections to Binances attempt to secure a European Union crypto license, citing the exchanges past U.S. regulatory violations and concerns over the growing use of dollar-backed stablecoins in Europe. Binance sought authorization as a crypto-asset service provider through Greek regulators under the EUs Markets in Crypto-Assets (MiCA) framework. A license granted by one member state can generally allow a crypto company to operate across the bloc under MiCAs passporting system. Greek authorities reportedly informed the European…  Read more

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