Binance, the world's largest cryptocurrency exchange platform, has hit the wall of European regulation. As the Reuters agency had already reported, the company will not receive permission to operate under the European crypto-asset law, MiCA, before the transition period ends on June 30. The company founded by Changpeng Zhao, it should be remembered, sought to obtain regulatory clearance in Greece, where market sources assure that it expected to find institutions "more lenient" in their application of the European directive.