🔴 Exclusive @TheBigWhale_
MiCA: France, Binance's Last Resort in Europe
According to our reporting, France is now Binance's only viable option to maintain access to the European market.
Discussions are underway with the AMF, but no formal application has been filed.
This scenario follows the Greek rejection revealed yesterday by Reuters, which we are in a position to confirm.
And the behind-the-scenes story of this rejection is more political than regulatory.
According to our sources, the Greek regulator (HCMC) had deemed the application complete and compliant with MiCA.
The block reportedly came from the top: Christine Lagarde is said to have directly signaled to the Greek Prime Minister that Binance was not welcome in Europe. The directive was then reportedly passed on to the Finance Minister, and from there to the HCMC.
The ECB president's presumed motivation is believed to be linked to stablecoins.
Binance is the primary liquidity channel for these assets in Europe. Cutting off its access to this market would amount to forcibly strengthening the position of the future digital euro.
On the French side, the Treasury and Tracfin (financial intelligence agency) are reportedly pushing for Binance to be supervised from Paris.
The rationale: maintaining visibility over the platform's financial flows, which would disappear if it left the European market.
All our reporting in our investigation, available in open access below
https://t.co/0yhbJsFtRW
I am reliably informed that ECB president Christine Lagarde directly ordered Greece to reject Binance’s MiCA license application.
My source said Binance had essentially been given the green light by Greece’s regulator, before the ECB stepped in.
Not good news for crypto if the ECB is ultimately pulling the strings.
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@BrunoLeMaire
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Il semblerait qu'elle permet également de soutenir des causes noble à travers le monde également !
@Tramirostronix
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