Binance founder Changpeng Zhao announced that the company's MiCA license application in Greece was fully compliant and nearing approval from at least one regulatory body. However, the application was withdrawn last week due to unspecified political factors. Zhao noted that two EU countries were initially vying for the application, but Binance will now seek approval in other member states to continue operations in the EU once MiCA is enacted. Zhao described the withdrawal as a setback for both Binance and Europe, referencing similar regulatory challenges previously faced in Japan and Singapore.