Reuters: Binance says it will not exit Europe and will seek a new MiCA licensing pathway

According to Reuters, Gillian Lynch, Binance’s head for Europe and the UK, stated that despite setbacks in its application for an EU MiCA license in Greece, Binance will not exit the European market and will pursue alternative pathways to authorization. “If not Greece, I am exploring other alternatives,” she said. Sources familiar with the matter revealed that Binance had engaged with regulators in Ireland, Latvia, and Greece, but encountered resistance across the board. Regulators expressed concerns regarding Binance’s past anti-money laundering (AML) penalties, its complex international corporate structure, and its perceived high-risk appetite culture. Lynch noted that Binance had previously expected approval from Greek regulators; however, the reason for the rejection remains unclear. She added that Binance has invested substantial resources into strengthening compliance and internal controls and currently employs approximately 1,500 compliance staff.