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Binance, the largest cryptocurrency exchange in the world, was named Gillian Lynch for its new head of Europe and the United Kingdom and signaled the restored pressure to ensure regulatory approval throughout the region.
Lynch brings more than 20 years of experience in FINTE, banking and digital assets. Previously, she played higher roles in Gemini, Bank of Ireland and Leveris.
Appointment, notified Friday, comes when binance faces growing control in Europe and seeks in accordance with the European Union Markets in the regulation of cryptal activities (mica). Lynch will supervise the regional strategy of Binance, everyday operation and regulatory contracts across key European and British markets.
The notification states “a long -term commitment to thoughtful regulation, user protection and sustainable growth and sustainable growth in the region”.
The new appointment comes four years after the former head of Binance UK, Jonathan Farnell, resigned from his role on the stock exchange in May 2021.
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Richard Teng, CEO of Binance, said Lynch’s expertise of regulatory and compliance with regulations will help to exchange exchange in the critical period for the industry:
“We are convinced that Binance will continue to set a standard for responsible innovations in Europe under its leadership and play a key role in shaping the future of finances for other billions of users.”
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Crypto entered the era of legitimacy thanks to mica
New global regulatory standards such as SIDA allow the crypto industry to enter the new era of global legitimacy, according to Lynch.
“I look forward to building the momentum of society throughout Europe and the UK, working closely with regulatory bodies, politicians and our community,” Lynch said in the announcement.
Asked about the updated Sica Compliance strategy, Binance said Caintelegraph: “We are determined to continue in accordance with SIDA requirements, but we will not publish details of our strategy.”
The spokesman also said there were “no changes in the Bonance’s Board structure”.
In June 2023, Binance canceled its registration with the British Office for Financial Behavior (FCA). Later, Binance ended its services in the Netherlands and left Dutch market After he failed to obtain a license of the Virtual Asset Service (VASP).
Sica was fully held for the provider of cryptlers’ services 30 December 2024, with an 18 -month transitional period ending in July 1, 2026. the authorization of the height.
Caintelegraph contacted Gemini to comment, but did not receive an answer by publishing.
Under the leadership of Lynch as the CEO of Europe, Gemini became the first company to be registered as Vasp of the Central Bank of Ireland notified in July 2022.
It is not clear whether Lynch is subject to an uncommon agreement with Gemini. On the basis of an agreement on non -competing agreement, the employee agrees that he will not directly compete with the company for a predetermined period after the term of the working period.
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