Binance has chosen Greece as its regulatory base in the European Union, submitting an application to Greek regulators for an operating license under the EU's Crypto Asset Market Regulation (MiCA). The application was submitted last month, as revealed by Binance co-CEO Richard Teng. MiCA mandates that crypto companies secure a license by July 2026 to operate within the EU. Teng highlighted that MiCA licenses are standardized across Europe, necessitating considerations such as labor force, talent pool, and security. Greece was identified as a strategic location for Binance's expansion within the EU. Despite significant market volatility, with Bitcoin dropping about 50% from its peak of $126,000 last October, Teng noted that institutional investment remains stable, driven by "smart money" and long-term funds.