Binance defends MiCA bid after Greece withdrawal forces EU service cuts and registration freeze
Coindesk •
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Promote with Leviathan NewsBinance withdrew its Greek MiCA application after months of regulator talks, so affected EU users face service cuts and no new registrations after the July 1 deadline. Europe head Gillian Lynch told CoinDesk MiCA should be judged by the firms it brings inside the perimeter, and she rejected WSJ-reported claims that Binance ignored sanctions issues or mishandled financial-crime compliance. Binance says it spends over $300M a year on compliance and employs more than 1,500 compliance staff, but it is still outside MiCA as over 10 million EU crypto users across the market face migration to approved platforms.
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