Woofun AI reports that Binance has withdrawn its MiCA license application in Greece due to approval delays and regulatory uncertainty. Consequently, the exchange suspended certain services and new registrations for EU users just days before the July 1 deadline.

Gillian Lynch, Binance’s Head of Europe, stated that MiCA’s success should be measured by how many crypto companies are brought into the regulatory framework. She defended Binance’s financial crime control measures, refuting allegations from a recent Wall Street Journal report. Lynch argued that excluding Binance would harm the European crypto market by removing key liquidity and infrastructure, while reiterating the firm's commitment to obtaining new licenses and remaining in Europe.