Binance says MiCA should be judged by who it licenses, not who it excludes
Europe head Gillian Lynch said Binance met Greece’s licensing requirements and that the company remains committed to the EU, despite withdrawing its MiCA application days before the July 1 deadline.
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Summary
- Binance withdrew its MiCA license application in Greece after delays and regulatory uncertainty, forcing it to halt some services and new registrations for EU users just days before the July 1 deadline.
- European head Gillian Lynch said MiCA’s success should be judged by how many crypto firms are brought into the regulated system, while defending Binance’s financial-crime controls and rejecting allegations raised in recent Wall Street Journal reporting.
- Lynch argued that excluding Binance from MiCA would hurt Europe’s crypto market by removing key liquidity and infrastructure, and said the exchange remains committed to securing a new license and staying in Europe despite the setback.
