TechFlow reports, on June 29, according to The Block, Binance founder Changpeng Zhao stated that Binance's EU Markets in Crypto-Assets Regulation (MiCA) license application submitted in Greece was originally "fully compliant" and was close to obtaining approval from at least one EU regulatory authority, but was subsequently withdrawn due to political interference. Zhao stated that this move was a loss for both Binance and the European market.
Meanwhile, he also stated that he has tried multiple times to understand Strategy's STRC preferred stock product, but still believes its structure is too complex and has "over-engineering" issues.




