EXCLUSIVE: Binance stablecoin licence bid about to be rejected by Bank of Greece before withdrawal - AML Intelligence

According to reporting by AML Intelligence, Binance's application for a stablecoin licence in Greece was set to be rejected by the Bank of Greece before the exchange withdrew the bid. The report, which cites unnamed sources, has not been confirmed by either the Bank of Greece or Binance, so the account should be treated as reported rather than established fact.

The development matters because it touches on two overlapping trends in crypto regulation. First, stablecoin issuance is increasingly subject to national supervisory approval under frameworks such as the EU's Markets in Crypto-Assets (MiCA) regime, which gives bodies like the Bank of Greece a formal gatekeeping role. Second, major exchanges have been pursuing licensed footholds across multiple jurisdictions, and a rejection—or a withdrawal ahead of one—can signal where supervisory comfort does and does not exist.

What to watch: whether either party comments publicly, whether Binance refiles or shifts its stablecoin plans to another jurisdiction, and how other national regulators handle similar applications. For market observers, the episode is a reminder that licensing outcomes, not just product announcements, shape where stablecoin activity can legally operate in Europe.