Binance: The Criterion for Judging MiCA Should Be How Many Companies Are Brought Under Regulation, Not Whether There Are Rules

CoinFeed July 3 news, according to CoinDesk report, Binance Head of Europe and UK Gillian Lynch said that the success of the EU MiCA regulation should be measured by how many companies are brought into the regulatory system, not just whether it has a rulebook. Binance withdrew its MiCA application in Greece last week, leading to an urgent notice to users 10 days before the July 1 deadline, suspending some services and stopping new registrations. Lynch denied the Wall Street Journal report that the European Securities and Markets Authority (ESMA) privately advised Greece to reject Binance's application, calling it 'distorted the facts', and Binance removed the relevant accounts and reported to law enforcement after discovering abnormalities. She also dismissed allegations that Binance ignored sanctions or retaliated against compliance employees.