HCMC did not immediately respond to a CoinDesk request for comment regarding Binance’s MiCA licensing process.
“As the person who led the license application, nothing was brought to my attention that there was any problem with the application,” Lynch added. “In fact, I was told the exact opposite.”
Lynch also argued that Europe’s crypto market will lose more than just its largest exchange if Binance remains outside the MiCA framework. She said Binance provides liquidity and market infrastructure that benefits the broader crypto ecosystem, adding that regulation should strengthen the industry rather than exclude companies that have invested heavily to meet its standards.
Lynch declined to speculate on reports that political interference played a role in the delays. Instead, she said the focus is now on helping users through the transition period while they prepare a new licensing strategy.
“We are very committed to being in Europe and very committed to being regulated,” she said.
Despite Binance’s experience, Lynch described MiCA as a positive step for the industry. She said the regulation has helped bring crypto into the financial system by providing businesses with clear rules and consumers with greater protection.
“I fundamentally believe that the crypto industry is maturing. Regulation brings maturity,” she said. “The industry is here to stay and it is part of the financial services ecosystem.”
