On July 4, Binance, the world’s largest crypto exchange, appointed Gillian Lynch as its new Head of Europe and the UK. This move underscores binance’s commitment to regulatory compliance under the EU’s Markets in Crypto-Assets (MiCA) framework.
Lynch, a seasoned veteran in finance and fintech, brings over two decades of experience. Her role involves overseeing regulatory strategy and expansion in Europe, a region wiht strict digital asset regulations. Lynch’s background includes leading Gemini Europe and working at Bank of Ireland. Her expertise in bridging the gap between regulators and fintech firms is crucial for Binance’s European ambitions.
At Gemini, Lynch secured Ireland’s Virtual Asset Service Provider registration. At Leveris, she modernized banking infrastructure. Her mandate includes managing daily operations and engaging with regulators. She aims to build trust and shape a resilient digital asset ecosystem. “Collaborating with regulators and policymakers is foundational for crypto’s future,” she stated.
With rivals like Coinbase and OKX already securing MiCA licenses, Binance is taking steps to solidify its position. the exchange has delisted nine stablecoins to meet MiCA’s asset rules. It holds Digital Asset Service Provider registrations in France and Italy, with pending approvals in other countries.
By hiring Lynch, Binance signals its commitment to regulatory compliance. This strategic move aims to strengthen trust and uphold user commitment. Lynch’s experience in navigating financial oversight will be vital as Binance seeks full compliance under MiCA.
- secured Ireland’s Virtual Asset Service provider registration at Gemini
- Led retail strategy and IT operations at Bank of Ireland
- Modernized legacy banking infrastructure at Leveris
For more details, visit Binance’s official website.
