[Binance Founder Says MiCA Application in Greece Was Compliant and Close to Approval, Later Withdrawn Due to 'Political Factors'] According to The Block, Binance founder Changpeng Zhao (CZ) stated that Binance's MiCA license application submitted in Greece was 'fully compliant' and was close to receiving approval from at least one regulatory authority. However, due to unspecified 'political forces' intervening, the application was forced to be withdrawn last week. CZ mentioned that two EU countries had originally been vying for the application, but Binance now plans to shift its focus to other member states to continue operating in the EU after MiCA comes into effect. CZ described this outcome as a 'loss' for both Binance and Europe and referenced previous experiences in Japan and Singapore, where the company faced regulatory resistance before adjusting its strategy.