Binance: Success of MiCA Should Be Measured by Number of Crypto Companies Brought into Regulatory Framework

Odaily Odaily Planet Daily News Binance has withdrawn its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU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 days before the July 1 deadline. Gillian Lynch, Head of Binance Europe, stated that the success of MiCA 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 stated that excluding Binance from the MiCA framework would harm the European crypto market by removing key liquidity and infrastructure, and that Binance remains committed to obtaining new licenses and staying in Europe. (CoinDesk).