Woofun AI reports that Binance Co-CEO He Yi asserts the exchange will persist in establishing effective communication with EU regulatory authorities while maintaining adherence to global cryptocurrency industry compliance standards. He Yi characterized regulatory and competitive hurdles as opportunities to elevate team capabilities, noting that Binance has already set benchmarks for user asset transparency and compliance over recent years.

He Yi emphasized that holding a license does not equate to full compliance or self-discipline, nor does strict adherence to high standards guarantee licensure. The company prioritizes upholding the industry's highest standards rather than engaging in a race to the bottom with peers. This stance comes as the transitional grace period for the EU's crypto regulation MiCA is scheduled to conclude on July 1, 2026, with the European Securities and Markets Authority (ESMA) previously urging unauthorized crypto asset service providers (CASPs) to cease operations by the end of the transition.