Woofun AI reports that Binance intends to maintain its European presence despite failing to secure a crypto operating license in Greece. Gillian Lynch, head of Binance for Europe and the UK, affirmed that the company will not leave the region and is exploring alternative authorization paths or jurisdictions if Greece remains unviable.

Binance faces a critical deadline as its existing European operating license expires in one week; failure to obtain a new permit could trigger a gradual shutdown of EU operations. Sources indicate that regulators in Ireland, Latvia, and Greece expressed resistance due to concerns over past money laundering penalties, complex international structures, and perceived risk-prone culture. Although Binance contacted four to five regulatory agencies, it only submitted a formal application to Greece. Lynch stated that the company has invested heavily in compliance, hiring approximately 1,500 personnel, and claimed there are no unresolved issues with its application.