Binance: Committed to Serving European Users, Will Continue to Operate in Compliance with Applicable Laws

BlockBeats News, June 16th, Binance announced that it will continue to focus on serving European users and maintain compliant operations within the applicable legal framework. The platform emphasized that it will prioritize users, adopt a cautious advancement strategy, make every effort to minimize the impact on users, and provide users with sufficient time and clear guidance to complete the transition arrangements. Subsequent developments and optional solutions will be announced one after another, and the platform plans to release further updates by June 30, 2026.

Regarding regulatory progress, Binance pointed out that it has maintained constructive communication with regulatory agencies over the past 18 months and participated in the MiCA-related approval process based on the principle of integrity. It is understood that the Greek regulatory authority has completed the review of the relevant application and deemed it compliant with MiCA requirements, and the application has also undergone review at the European Securities and Markets Authority (ESMA) level. Binance also warned that if there are delays or distortions in the MiCA authorization process, it may weaken market liquidity in the EU, reduce the level of competition and user choice, and lead to some activities flowing outside the EU system.

Binance emphasized that the purpose of the MiCA framework is to establish a unified, transparent European digital asset regulatory system, a goal that is of paramount importance for protecting user rights, driving industry innovation, and enhancing Europe's overall competitiveness. The company stated that it will continue to focus on promoting compliance processes under the MiCA framework, engage with regulatory authorities to facilitate orderly and stable long-term development in the European market.