[Binance Chooses Greece as EU Regulatory Base, Submits Application Ahead of MiCA Deadline] According to Finance Feeds, Binance Co-CEO Richard Teng revealed that the exchange submitted an application to Greek regulators last month, aiming to obtain an operational license under the EU's Markets in Crypto-Assets Regulation (MiCA). MiCA requires crypto businesses to secure a license by July 2026 in order to operate within the EU. Teng stated that the MiCA license is standardized across Europe, necessitating consideration of multiple factors such as workforce, talent pool, and security. Greece is seen as a suitable base for EU expansion. The crypto market has experienced significant volatility over the past year, with Bitcoin dropping approximately 50% from its peak of $126,000 in October last year. Teng noted that retail sentiment has weakened, but institutional participation remains stable. 'Smart money, institutional funds, and long-term capital are still consistently flowing in,' he said.