ECB President Lagarde personally intervened to halt Binance's EU license application under MiCA, leading Binance to withdraw its application in Greece. The ECB does not have licensing authority under MiCA, as approvals are handled by member state institutions like the Hellenic Capital Market Commission. This was an informal pressure move. The license is a prerequisite for single-market access across the EU's 27 countries. Binance stated it will now apply for authorization in another undisclosed member state and will limit services for some EU customers.