TechFlow News, June 24: According to Reuters, Gillian Lynch, Binance’s Head of 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’m looking for other alternatives,” she said. Sources revealed that Binance had engaged with regulators in Ireland, Latvia, and Greece, but encountered resistance across the board.
Regulators expressed concerns over Binance’s past anti-money laundering penalties, its complex international corporate structure, and its perceived high-risk corporate culture. Lynch noted that Binance had previously expected approval from Greek regulators, though 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.
