regulation··1 min read
Binance Europe Head Defends MiCA's Success Based on Licenses Granted
Binance's Gillian Lynch argues the MiCA framework should be judged by the licenses it has issued, not by firms that withdrew applications.
The European head of Binance, Gillian Lynch, stated that the Markets in Crypto-Assets (MiCA) regulatory framework should be evaluated based on the licenses it has granted rather than the companies it has excluded.
Binance Withdraws MiCA Application
Binance withdrew its application for a MiCA license in Greece just days before the July 1 deadline. However, Lynch emphasized that the exchange met all of Greece's licensing requirements and remains fully committed to operating within the European Union.
- Lynch argued that MiCA's success metric should be the number of licensed firms, not those that opt out.
- Binance continues to hold other EU licenses and intends to comply with MiCA through other routes.
The comments come amid ongoing regulatory scrutiny of major crypto exchanges in Europe as the MiCA framework takes shape.