{"id":229359,"date":"2026-09-18T21:48:01","date_gmt":"2026-09-18T21:48:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=229359"},"modified":"2026-09-18T21:48:01","modified_gmt":"2026-09-18T21:48:01","slug":"european-central-bank-president-blocked-binances-eu-entry-report","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=229359","title":{"rendered":"European Central Bank President Blocked Binance\u2019s EU Entry: Report"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

European Central Bank President Blocked Binance\u2019s EU Entry: Report<\/a><\/p>\n

<\/div>\n

European Central Bank President Christine Lagarde stopped Binance from operating in the European Union, according to a Wall Street Journal report.\u00a0<\/p>\n

The newspaper on Thursday reported<\/a> that the top crypto exchange was on the cusp of operating in the trading bloc but then was told it couldn\u2019t after the central bank chief waded in.\u00a0<\/p>\n

EU law requires that local Crypto-Asset Service Providers (CASP) have a MiCA license. Binance does not. Binance in June withdrew<\/a> its MiCA application in Greece.\u00a0<\/p>\n

\u201cLagarde wanted to keep the controversial crypto exchange, which pleaded guilty to financial-crime violations in the U.S., out of the European Union,\u201d the newspaper report said, citing interviews with officials.\u00a0<\/p>\n

Lagarde has long been anti-Bitcoin and pro-central bank digital currencies. Back in 2021, Lagarde said<\/a> that the leading cryptocurrency was \u201ca highly speculative asset\u201d used for money laundering. She also criticized cryptocurrencies as a whole and said central banks would never hold bitcoin.\u00a0<\/p>\n

On CBDCs, though, Lagarde takes a different approach. A CBDC is a digital form of fiat money, like the US dollar or euro; nations around the world are in different stages of researching and releasing them.\u00a0<\/p>\n

The EU under Lagarde is fast moving forward with a digital euro. Lagarde has described the digital euro as key to Europe\u2019s financial autonomy while taking aim at privately issued stablecoins.\u00a0<\/p>\n

CBDCs have been criticized by bitcoiners and others in the crypto industry who think they could be used to surveil citizens. U.S. President Donald Trump signed<\/a> an executive order banning CBDCs when he took office.<\/p>\n

The WSJ report added, citing various interviews, that Lagarde was worried Binance would embed the dominance of dollar-based stablecoins in Europe, instead of encouraging euro counterparts.<\/p>\n

Binance is the world\u2019s biggest crypto exchange and billions of dollars in stablecoins are traded on its platform daily.\u00a0<\/p>\n

A controversial company, Binance and its CEO, Chanpeng Zhao, in 2023 pleaded guilty to anti-money-laundering violations and paid<\/a> a record $4.3 billion fine.<\/p>\n

Binance in June said it was still working to pursue MiCA authorization in another EU Member State.<\/p>\n

This post European Central Bank President Blocked Binance\u2019s EU Entry: Report<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine European Central Bank President Blocked Binance\u2019s EU Entry: Report European Central Bank President Christine Lagarde stopped Binance from operating in the European Union, according to a Wall Street Journal report.\u00a0 The newspaper on Thursday reported that the top crypto exchange was on the cusp of operating in the trading bloc but then was […]<\/p>\n","protected":false},"author":0,"featured_media":229360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-229359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/229359"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=229359"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/229359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/229360"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=229359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=229359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=229359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}