The HCMC did not immediately respond to a CoinDesk request for comment on Binance’s MiCA licensing process.
“As the person who led the license application, I have not been informed of anything that indicates there was any problem with the application,” Lynch added. “In fact, they told me just the opposite.”
Lynch also argued that Europe’s crypto market loses more than just its largest exchange if Binance remains outside the MiCA framework. He said Binance provides liquidity and market infrastructure that benefit 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 intervention played a role in the delays. Instead, he said the focus is now on helping users during the transition period while a new licensing strategy is prepared.
“We are very committed to being in Europe and very committed to being regulated,” he said.
Despite Binance’s experience, Lynch described MiCA as a positive step for the industry. He said regulation has helped bring cryptocurrencies 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,” he said. “The industry is here to stay and is part of the financial services ecosystem.”
