Title: Binance Will Not Give Up Establishing Effective Communication with EU Regulatory Authorities, Will Continue to Follow Cryptocurrency Industry Compliance Standards

BlockBeats News, June 27, Binance Co-CEO He Yi stated that any emerging industry will face varying degrees of regulatory and competitive challenges during its development, similar to Airbnb and Uber (ask AI which countries once banned them). However, this does not hinder them from becoming the greatest internet companies of the mobile internet era.

Binance has always viewed the challenges it faces as opportunities to enhance our team's capabilities and standards. Over the past few years, we have established standards for industry user asset transparency and set the highest compliance standards in the industry; effective communication and trust-building with regulatory authorities in the European Union towards Binance may take time, but we will not give up. We will continue to adhere to the golden standard of global cryptocurrency industry compliance.

Compliance is a topic of great concern recently. I believe this signifies progress in the industry, indicating that the industry is gradually transitioning from its infancy to self-regulation and self-discipline. However, the lesson I have learned this time is that licensed companies are not necessarily compliant or disciplined, and Binance, which adheres to the golden standard of compliance, may not necessarily obtain a license. Our goal is the vast ocean of stars, not rolling in the mud with peers; we will hold ourselves to the highest industry standards.

BlockBeats Note: The transition period of the EU's crypto regulation MiCA will officially end on July 1, 2026. The European Securities and Markets Authority (ESMA) has previously called on unauthorized crypto asset service providers (CASPs) to gradually exit relevant businesses as the MiCA transition period concludes.