Mica is here. Binance hired people who survived the fire to guide European ambitions. Gillian Lynch’s employment shows a deliberate shift. Compliance has become the basis for expansion.
On July 2, the world’s largest crypto exchange appointed Gillian Lynch as new head of Europe and the UK, and her by overseeing regulatory strategies and expansion in one of the toughest digital asset markets.
A former CEO of Gemini Europe and a traditional finance veteran, Lynch brings 20 years of experience bridging the gap between regulators and disruptive fintech. With her appointment, Binance is desperately using the skillset needed as she seeks full compliance based on the EU market for Crypto-Assets framework.
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Binance’s calculated bet on regulatory reliability
Gillian Lynch’s resume reads like a playbook to navigate financial surveillance. The stint at Gemini secured registration for Ireland’s virtual asset service provider, with the Bank of Ireland leading retail strategy and IT operations.
Fintech’s company Leveris modernized its legacy banking infrastructure and combined experiences that directly connect to Binance’s needs that match Mica’s strict operational requirements.
According to Binance, Lynch’s post-appointment duties include overseeing the day-to-day operations of crypto exchanges across Europe, while leading regulatory involvement. This means not only applying for a license, but also forming a compliance dialogue. This is the task Lynch describes as the basis for the next stage in Crypto.
“We look forward to working closely with regulators, policymakers and the community to build on the company’s momentum in Europe and the UK.
Lynch’s appointment highlights a broader push by Binance to solidify his position in Europe, where rivals like Coinbase and OKX have already secured MICA licenses. The exchange struggled to demonstrate compliance with nine stub coins delisting, including tethers and dies, at the EEA earlier this year, in order to preemptively meet Mica’s asset rules.
Crypto Exchange holds digital asset service provider registrations in France and Italy, with approval pending in Spain, Sweden and Switzerland.
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