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ESMA and the French, German and Greek watchdogs are examining whether Binance can lawfully keep serving EU clients under MiCA's reverse-solicitation exemption after failing to secure a licence, the Financial Times reports.
Four Greek firms have entered ESMA's MiCA registry as the Hellenic Capital Market Commission rejects a Wall Street Journal report alleging ECB chief Christine Lagarde pressured Greece's prime minister over Binance's licensing bid.
Binance withdrew its Greek MiCA application before regulators ruled, restricting its EU services since July. The Wall Street Journal reports ECB president Christine Lagarde may have pressed Athens against approval — a claim Greek regulator HCMC denies.