Episode Details

Binance is pivoting its European licensing strategy after pulling its MiCA application, now exploring new licenses across multiple EU countries as regulators invite them to reapply. Co-CEO Richard Teng reveals early talks are underway, though no nations are confirmed yet. The firm withdrew its Greek application in June, citing unexpected delays and concerns over user impact during the short transition window. Surprisingly, most European users who withdrew funds didn’t migrate to other MiCA-licensed platforms — instead, 70% opted for self-custody wallets, raising questions about MiCA’s consumer protection effectiveness. Meanwhile, Binance continues aggressive expansion in Asia, including new partnerships in the Philippines, Japan, Korea, Thailand, and Australia — all while navigating shifting global regulations.

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