Binance says it will pursue a crypto compliance 'gold standard'

He Yi said Binance will keep building trust with EU regulators and argued that growing compliance scrutiny reflects a more self-disciplined crypto industry as the bloc's MiCA transition runs until July 1, 2026.

Summary

Binance co-founder He Yi said the exchange views regulatory and competitive pressure as a normal feature of emerging industries and will keep pursuing what she described as a crypto compliance "gold standard." Drawing parallels with Airbnb and Uber, she said rising compliance attention shows the crypto industry is becoming more self-disciplined and that Binance will continue working to build trust with regulators in the European Union, even if that process takes time. He Yi also argued that holding a license does not necessarily mean a company is compliant or self-disciplined. The remarks come as the European Union's MiCA (Markets in Crypto-Assets regulation) transition period is set to end on July 1, 2026, with ESMA having urged unauthorized crypto-asset service providers to wind down affected business in an orderly manner.

Terms & Concepts
  • MiCA: The European Union's regulatory framework for crypto-assets and related service providers.
  • ESMA: The European Securities and Markets Authority, the EU body overseeing securities markets regulation.
  • crypto-asset service providers: Companies that offer trading, custody, or other services tied to digital assets.