Binance: MiCA’s Success Should Be Measured by the Number of Crypto Companies Brought Under Regulation

Odaily Odaily: Binance has withdrawn its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU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 the success of MiCA should be measured by how many crypto companies are brought under the regulatory framework. She also defended Binance's financial crime controls, refuting allegations made in a recent Wall Street Journal report.

Lynch said that excluding Binance from the MiCA framework 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)