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Binance Eyes Greece for EU Base

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Binance is positioning Greece as a potential operational hub for its expansion within the European Union, citing workforce quality and stability as key advantages.

The cryptocurrency exchange has applied for authorization under the EU’s Markets in Crypto-Assets framework, which will become mandatory for companies seeking to operate across the bloc by mid-2026.

Leadership indicated that regulatory consistency across member states means broader factors such as talent availability and security conditions are influencing location decisions. Greece’s profile has emerged as a favorable option despite its smaller financial sector compared to other European centers.

The move forms part of Binance’s broader effort to strengthen its compliance posture following previous regulatory challenges. The company is aiming to align with evolving oversight standards as the digital asset industry matures.

Executives noted that institutional participation in cryptocurrency markets remains steady, even as retail sentiment fluctuates, reinforcing long-term interest in the sector.

The strategy reflects continued efforts by global crypto firms to establish structured regional operations within Europe’s emerging regulatory environment.

Paxos Trust Settles New York Charges Over Binance-Related Compliance Failures for $48.5 Million

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Paxos Trust agreed to pay $48.5 million to resolve charges brought by New York’s Department of Financial Services (DFS) over its inadequate oversight of illegal activity tied to cryptocurrency exchange Binance. The settlement includes a $26.5 million civil fine and a $22 million commitment to improve Paxos’s compliance program.

The DFS investigation found that Paxos, which partnered with Binance to market and distribute the Binance USD stablecoin, failed to effectively monitor wrongdoing on Binance’s platform. It did not escalate red flags to senior management and had systemic lapses in its anti-money laundering (AML) controls. A review ordered by New York revealed that between July 2017 and November 2022, about $1.6 billion of transactions on Binance’s platform involved illicit actors such as Ponzi schemers and sanctioned darknet marketplace participants. Transactions also involved entities sanctioned by the U.S. Office of Foreign Assets Control.

Following the regulator’s February 2023 order, Paxos ceased issuing Binance’s stablecoin and ended its partnership with the exchange. Paxos stated it had fully addressed the compliance issues, with no harm to customer accounts or consumers.

Binance itself was not a defendant in this New York case but pleaded guilty in November 2023 and agreed to a $4.32 billion criminal penalty for federal anti-money laundering and sanctions violations. Meanwhile, the U.S. Securities and Exchange Commission dropped its civil case against Binance in May 2025, signaling a shift in cryptocurrency regulation during President Donald Trump’s current term.

Binance Reopens Crypto Trading to Syrians Following U.S. Sanctions Lift

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Binance, the world’s largest cryptocurrency exchange, announced it will reopen trading services to users in Syria after the United States lifted sanctions on the country last month.

Syrian users will now have full access to Binance’s platform, which supports over 300 cryptocurrency tokens and stablecoins. Notably, the Syrian pound will be accepted for buying and selling cryptocurrencies on the exchange.

The sanctions removal came as a surprise move by the Trump administration, reportedly influenced by Saudi Arabia, which advocated for easing restrictions on Syria. The new government in Syria, led by an Islamist coalition after ousting former leader Bashar al-Assad, is focusing on rebuilding the country’s public services and improving infrastructure, including internet access, after years of civil war and prolonged sanctions.

Binance’s reopening of services is expected to facilitate financial inclusion and offer Syrians new economic opportunities amid the country’s recovery efforts.