Which Greek Firms Have Joined The MiCA Register?Greece has entered the European Union’s Markets in Crypto-Assets regulatory register for the first time, with four locally supervised providers
Which Greek Firms Have Joined The MiCA Register?
Greece has entered the European Union’s Markets in Crypto-Assets regulatory register for the first time, with four locally supervised providers appearing in the latest update to the
European Securities and Markets Authority’s MiCA register. BCash, Xenios Blockchain Group, Capital Wallet Greece and Piraeus Bank are now listed as authorized crypto-asset service providers. The Sept. 24 update also added firms from Germany, France and Slovenia, taking the number of unique authorized providers across the register to 359. The Greek entries are notable because the country had remained absent from the authorization list even as other jurisdictions built increasingly large groups of licensed crypto firms. FinanceFeeds previously tracked that expansion as
37 providers joined the register immediately after the main MiCA transition period ended and later when
BNY Mellon’s Belgian unit entered the framework. The new Greek approvals also show that crypto supervision in the country is split between two authorities. The Hellenic Capital Market Commission is listed as the competent authority for BCash, Xenios Blockchain Group and Capital Wallet Greece, while the Bank of Greece supervises Piraeus Bank.
Why Does Piraeus Bank Matter?
Piraeus Bank’s inclusion shows how
MiCA is drawing conventional lenders further into regulated digital-asset services rather than creating a market limited to crypto-native firms. Its authorization covers services including crypto custody, execution and transmission of orders, and transfers on behalf of clients. That puts a major Greek banking institution inside the same EU-wide framework used by exchanges, brokers, payment firms and digital-asset specialists. The structure reflects MiCA rules allowing member states to appoint more than one competent authority and divide responsibilities between them. For Greece, securities-market supervision sits alongside central-bank oversight where established banking institutions are involved.
Investor Takeaway
Greece’s arrival on the MiCA register gives locally authorized firms access to the EU passporting framework while adding another bank to Europe’s regulated crypto sector. The immediate effect is less about four new names than about Greece becoming an active licensing jurisdiction after months of uncertainty around Binance’s failed application.
What Happened To Binance’s Greek MiCA Application?
Binance had originally looked set to become Greece’s most prominent MiCA applicant. The exchange
filed for authorization through Greece earlier this year, a route that could have allowed it to passport services across the EU from a single member state. The exchange withdrew the application on June 24 before the HCMC issued a formal decision. Binance subsequently faced service restrictions in parts of Europe after missing the July deadline, with FinanceFeeds reporting that the company
restricted services in France and several other EU markets while continuing discussions with regulators elsewhere in the bloc. The Greek application later became the subject of a disputed report alleging that European Central Bank President Christine Lagarde had intervened after Greek officials had indicated that the application could be approved. HCMC has rejected that account. In written comments, the regulator said no HCMC official communicated with ECB officials about the application and denied that the statements attributed to its representatives were made. “HCMC categorically rejects the assertions attributed to it,” the regulator said. The ECB declined to comment on the reported intervention, while Binance previously said it would not comment on speculation and continued to state that it was pursuing MiCA authorization in Europe.
What Does Greece’s Entry Mean For EU Crypto Competition?
MiCA’s passporting model means authorization in one member state can potentially open access across the wider EU market. That has turned national regulators into important gateways for exchanges, banks and crypto infrastructure companies choosing where to base their European operations. Greece now has four authorized providers spanning crypto-native companies and a major bank, but it remains a relatively small licensing center compared with Germany, France, the Netherlands and several other jurisdictions. The more important question is whether the first approvals lead to a larger Greek pipeline. An expanding register would give crypto firms another possible entry point into the EU framework while increasing competition between national regulators for financial and technology businesses. For Binance, Greece is no longer that route. For the four companies now on the register, however, the same passporting mechanism that attracted the exchange in the first place gives their Greek authorization relevance far beyond the domestic market.
