"Binance isn't leaving Europe," says its director Gillian Lynch
The leading crypto exchange asserts that despite the failure of its MiCA license in Greece, it is not abandoning the market.
The executive confirmed that the exchange is currently seeking authorizations in other EU countries.
The platform has a pivotal week before its temporary permit in Europe expires.
Binance isn't leaving Europe. This was the clear and straightforward statement from Gillian Lynch, head of Europe and the UK for the world's largest crypto exchange, after it was revealed that its license application under the MiCA regulation in Greece was halted.
According to the press report published on Wednesday, June 24, the application submitted to the Hellenic Capital Market Commission (HCMC) failed, which jeopardized Binance's ability to operate legally across the 27 EU countries starting July 1, 2026, the date when the MiCA transition period ends.
Lynch acknowledged the setback but emphasized that the company is exploring other avenues to obtain authorization. "If it's not Greece, I'm looking at other alternatives," she stated.
Binance later revealed via email that it decided to withdraw its license application in Greece. The exchange announced on Wednesday: "Binance has decided to withdraw its MiCA license application to the Hellenic Capital Market Commission in Greece and apply for authorization in another EU member state."
Among the countries being considered are Ireland and Latvia, although concerns have also arisen in these markets regarding the platform's past history, corporate structure, and perceived risk profile.
The executive highlighted that Binance has made significant investments in regulatory compliance, including hiring nearly 1,500 professionals dedicated to regulatory compliance areas#bnb #Europa $BNB
The leading crypto exchange asserts that despite the failure of its MiCA license in Greece, it is not abandoning the market.
The executive confirmed that the exchange is currently seeking authorizations in other EU countries.
The platform has a pivotal week before its temporary permit in Europe expires.
Binance isn't leaving Europe. This was the clear and straightforward statement from Gillian Lynch, head of Europe and the UK for the world's largest crypto exchange, after it was revealed that its license application under the MiCA regulation in Greece was halted.
According to the press report published on Wednesday, June 24, the application submitted to the Hellenic Capital Market Commission (HCMC) failed, which jeopardized Binance's ability to operate legally across the 27 EU countries starting July 1, 2026, the date when the MiCA transition period ends.
Lynch acknowledged the setback but emphasized that the company is exploring other avenues to obtain authorization. "If it's not Greece, I'm looking at other alternatives," she stated.
Binance later revealed via email that it decided to withdraw its license application in Greece. The exchange announced on Wednesday: "Binance has decided to withdraw its MiCA license application to the Hellenic Capital Market Commission in Greece and apply for authorization in another EU member state."
Among the countries being considered are Ireland and Latvia, although concerns have also arisen in these markets regarding the platform's past history, corporate structure, and perceived risk profile.
The executive highlighted that Binance has made significant investments in regulatory compliance, including hiring nearly 1,500 professionals dedicated to regulatory compliance areas#bnb #Europa $BNB
