Binance says it will stay in Europe, seeks alternative path for EU license

PA一线
PA一线
PANews, June 24 – According to Reuters, crypto exchange Binance still plans to remain in the EU after its application for a new MiCA license in Greece was unsuccessful, and is now seeking other countries as a licensing pathway. Binance’s Head of Europe and UK, Gillian Lynch, stated, “Binance is not leaving Europe,” and if the Greek route fails, it will apply to other regulators. Its current operating license in Europe has only one week of validity remaining; without a new license, it would need to begin an orderly exit from the EU market. Sources familiar with the matter said regulators in Ireland, Latvia, and Greece have reservations due to its past anti-money laundering penalties, complex corporate structure, and a “risk-embracing” culture. Lynch noted that the company has invested heavily in compliance and internal controls, employing around 1,500 compliance staff, and that outstanding issues related to this application have been resolved.
Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Telegram Discussion Group
Telegram News Channel
@PANewsCN
Recommended Reading
PA一线

PA一线

Binance Withdraws MiCA License Application in Greece, Will Seek Authorization in Another EU Member State
PA一线

PA一线

ECB Executive Board Member Cipollone: Digital Euro's Impact on Banks Is 'Minimal'
PA一线

PA一线

US Treasury Secretary Praises Warsh for Eliminating Forward Guidance, Reaffirms Dollar Dominance
PA一线

PA一线

French Crypto Platform Paymium Obtains EU MiCA License from AMF
PA一线

PA一线

Indonesia introduces new rules targeting financial influencers; authorities may request platforms to remove related accounts or content
Nancy

Nancy

Zuckerberg Leads Meta's Return to Prediction Markets, 3.5 Billion Daily Active Users as the Biggest Bet

Popular Articles

Industry News
Market Trends
Curated Readings
Subscribe
PANews App
24/7 blockchain news tracking and in-depth analysis.
Download PANews App
App StoreGoogle Play
PANews APP
Sentient Foundation commits $42 million to advance open-source AGI development
PANews Newsflash