European Central Bank President Christine Lagarde personally intervened to stall Binance's bid for a European Union-wide crypto license in Greece, according to a Wall Street Journal report by Angus Berwick. The intervention came even though the ECB holds no formal licensing authority under the bloc's Markets in Crypto-Assets regulation, known as MiCA. A senior Greek regulator told Binance that Lagarde wanted the license decision delayed until the European Securities and Markets Authority takes over licensing for crypto exchanges, Finextra reported on the Journal's account. That authority currently sits with national regulators, including Greece's Hellenic Capital Market Commission, and the shift to ESMA has only been proposed.
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