Binance: MiCA’s Success Should Be Measured by How Many Crypto Companies Are Brought into the Regulatory Framework

Odaily Odaily reports that Binance has withdrawn its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU users just days before the July 1 deadline. Gillian Lynch, Binance’s Head of Europe, stated that MiCA’s success should be measured by how many crypto companies are brought into the regulatory framework. She also defended Binance’s financial crime control measures, refuting allegations made in a recent Wall Street Journal report.

Lynch said that excluding Binance from MiCA would harm the European crypto market by removing key liquidity and infrastructure, and reiterated that Binance remains committed to obtaining new licenses and staying in Europe. (CoinDesk)