{"id":123812,"date":"2026-06-27T11:35:28","date_gmt":"2026-06-27T09:35:28","guid":{"rendered":"https:\/\/ceadigilaw.org\/blog\/binance-et-la-credibilite-de-mica\/"},"modified":"2026-06-27T11:35:28","modified_gmt":"2026-06-27T09:35:28","slug":"binance-et-la-credibilite-de-mica","status":"publish","type":"post","link":"https:\/\/ceadigilaw.org\/fr\/blog\/binance-et-la-credibilite-de-mica\/","title":{"rendered":"Binance and the credibility of MiCA"},"content":{"rendered":"<div lang=\"en\">\n<p><strong>Antonio Tejeda Encinas | President of the Euro-American Committee of Digital Law &#8211; CEA Digital Law | CEO of META Channel Corporation<\/strong><\/p>\n<p>The Binance case exposes a structural tension within MiCA, the Markets in Crypto-Assets Regulation: the legal standard is European and uniform, but initial authorisation and primary supervisory responsibility remain national.<\/p>\n<p>The home Member State supervisor does not grant a merely local licence. It authorises a gateway to the European market.<\/p>\n<p>And that is the delicate point: once authorisation has been granted, the passport allows the firm to operate throughout the Union, even if other national supervisors had reservations about the same operator.<\/p>\n<p>ESMA, the European Securities and Markets Authority, can push for convergence, coordinate approaches and warn against regulatory arbitrage. But the ordinary decision to grant a CASP (crypto-asset service provider) licence remains in the hands of national authorities.<\/p>\n<p>That is why the Binance case should not be read simply as a matter for Greece, nor as a mere administrative withdrawal.<\/p>\n<p>The underlying question is more serious: can formally uniform European regulation prevent the national gateway from turning into a search for the most accommodating supervisor?<\/p>\n<p>A large part of MiCA\u2019s practical credibility is at stake here.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Antonio Tejeda Encinas | President of the Euro-American Committee of Digital Law &#8211; CEA Digital Law | CEO of META Channel Corporation The Binance case exposes a structural tension within MiCA, the Markets in Crypto-Assets Regulation: the legal standard is European and uniform, but initial authorisation and primary supervisory responsibility remain national. The home Member [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":123804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"wds_primary_cea_women":0,"footnotes":""},"categories":[1116],"tags":[],"cea_women":[],"class_list":["post-123812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-y-criptoactivos-fr"],"acf":[],"_links":{"self":[{"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/posts\/123812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/comments?post=123812"}],"version-history":[{"count":0,"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/posts\/123812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/media\/123804"}],"wp:attachment":[{"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/media?parent=123812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/categories?post=123812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/tags?post=123812"},{"taxonomy":"cea_women","embeddable":true,"href":"https:\/\/ceadigilaw.org\/fr\/wp-json\/wp\/v2\/cea_women?post=123812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}