He Yi: Binance Will Not Abandon EU Regulatory Dialogue, Compliance Is Industry Progress
On June 27, Binance Co-CEO He Yi made a public statement regarding EU regulatory challenges. She noted that any emerging industry faces varying degrees of regulatory and competitive hurdles, citing Airbnb and Uber as examples that were once banned in multiple countries but still became iconic mobile internet companies. Binance views these challenges as opportunities to enhance team capabilities and standards. Over the past few years, the exchange has set industry benchmarks for user asset transparency and compliance.
He Yi emphasized that while building effective communication and trust with EU regulators may take time, Binance will not give up. The company will continue to adhere to the global crypto industry's gold standard for compliance. She believes the recent focus on compliance reflects industry progress—a shift from the wild west era toward self-discipline and accountability.
License ≠ Compliance; Binance Aims Higher
He Yi candidly shared the key lesson from this experience: holding a license does not guarantee compliance or self-discipline, and Binance's gold-standard compliance does not automatically secure a license. However, the company's goal is to reach for the stars, not to wallow in the mud with competitors. Binance will hold itself to the highest industry standards.
EU MiCA Regulatory Framework Countdown
According to BlockBeats, the transitional grace period for the EU's Markets in Crypto-Assets Regulation (MiCA) will officially end on July 1, 2026. The European Securities and Markets Authority (ESMA) has already called on unauthorized crypto asset service providers (CASPs) to wind down their operations in an orderly manner before the MiCA transition period concludes. This means all crypto platforms operating in the EU must obtain MiCA authorization by July 2026 or face market exit pressures.
As one of the world's largest exchanges, Binance's compliance progress in Europe has drawn significant attention. He Yi's remarks signal that Binance will actively pursue compliance pathways while preparing for a long-term engagement. Industry observers believe the implementation of MiCA will accelerate market consolidation in Europe, making compliance capabilities a core survival factor for exchanges.