1 week ago
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Key Takeaways
- Lagarde reportedly contacted Greece’s prime minister.
- ESMA reportedly opposed Binance’s application.
- Greek authorization could unlock EU access.
- Binance withdrew before receiving a decision.
The new report describes pressure on Binance’s application
European Central Bank President Christine Lagarde personally intervened as Binance sought regulatory approval through Greece, according to a new Wall Street Journal investigation.
The Journal said Lagarde contacted Greek Prime Minister Kyriakos Mitsotakis and raised concerns about giving the world’s largest crypto exchange a regulated base inside the European Union. The European Securities and Markets Authority, or ESMA, separately advised against allowing the application to proceed, according to the report.
Binance appeared to be approaching authorization in late May. Greek officials had reportedly indicated that its a...
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