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

Odaily Planet Daily reports that Binance has withdrawn its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU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, 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 in a recent Wall Street Journal report.

Lynch noted that excluding Binance from MiCA would harm the European crypto market by removing key liquidity and infrastructure, and reiterated Binance's commitment to obtaining new licenses and remaining in Europe. (CoinDesk)