HCMC did not immediately respond to a request for comment from CoinDesk regarding Binance’s MiCA licensing process.
“As the person who led the license application, I have not been informed of any issues with the application,” Lynch added. “In fact, I was told quite the opposite.”
Lynch also argued that the European crypto market would lose far more than its largest exchange if Binance remained outside the MiCA framework. She said Binance provides liquidity and market infrastructure that benefits the broader crypto ecosystem, adding that regulation should strengthen the sector rather than exclude companies that have invested heavily to meet its standards.
Lynch declined to speculate on reports that political intervention played a role in the delays. Instead, she said the focus now was on helping users through the transition period while preparing a new licensing strategy.
“We are very committed to being present 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 helped introduce crypto into the financial services 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 sector is here to stay and it is part of the financial services ecosystem.”
