Binance appointed former CEO of Gemini Gillian Lynch as the new president of the European Union star-news.press/wp

Binance:- The European Union (EU) is highly competitive for encryption exchanges. Clear organizational procedures in the form of Mika lead this race proactively.

In an attempt to lead in the Binance, The Crypto Exchange, the leading leadership date for the European region. According to the official announcement today, it appointed the former CEO of Gemini as head of the European region and the United Kingdom.

As the President of the European Union, it will supervise the commercial and organizational strategies of the Binance Company for the European Union.

Who is the new European Pinns head

According to The official announcement of the stock exchangeThe new Gillian lunch in Binance, was by the CEO of Europe Crimean. In its role, the exchange helped secure VASP registration. She was also a major official at Ireland Bank, Levis.

Her appointment clearly indicates the exchange plans to move in the organizational environment of the European Union to secure the “famous mica license”.

Binance has digital asset service records (DASP) in France and Italy that enables it to provide nursery and trading services there. As for the regions that go beyond France and Italy, they have established legal entities or sought to register in other countries. These include Ireland, Spain, Sweden, Switzerland, the Netherlands, Portugal, Austria and others.

He has not yet obtained the comprehensive Mika approval, although the stock exchange has been trying for months now. In March, he discharged nine stablecoins (including USDT and Dai) in the European Economic Zone to comply with Mika’s requirements. The appointment of Gillian Lynch, which shows experience in dealing with organizational protocols, can definitely serve as a great help.

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The mica race is a small European pie

Since Mika went live on December 30, 2024, many of the Asset -ASSET service providers received a full license. Recently, this list includes exchanges such as OKX, Bybit, Crypto.com and Coinbase who have succeeded in securing the MICA license. This is the motivation of Binance to accelerate the process for fear of leaving behind.

It is interesting that exchanges are included in the European region, which still shows lower adoption of encryption compared to other regions.

According to Chainalysis reports, the UK and the middle of Western Europe are ranked twelfth – behind the United States, Indonesia and Vietnam. Thus, with more and more exchange in the European market, the small pie will be competitive and distributed strongly.

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