Woofun AI reports that Binance will not withdraw from the European market despite encountering resistance in its efforts to obtain the EU’s MiCA license. Gillian Lynch, head of Binance’s European and UK operations, stated that the exchange is seeking other authorized pathways after facing rejection in Greece.

Sources indicate that Binance has approached regulatory authorities in Ireland, Latvia, and Greece but met with resistance in all cases. Regulators cite concerns over Binance’s history of anti-money laundering penalties, complex corporate structure, and high-risk appetite. Lynch noted that it remains unclear why the Greek application was rejected, as the company previously believed approval was likely.