[He Yi: Binance will not give up on establishing effective communication with EU regulators and will continue to adhere to compliance standards in the crypto industry] BlockBeats News, June 27, Binance Co-CEO He Yi stated that any emerging industry in its development process will encounter varying degrees of regulatory and competitive challenges, just like Airbnb and Uber (try asking AI which countries they were once banned in). However, this does not prevent them from becoming the greatest internet companies of the mobile internet era. Binance has always viewed the challenges it faces as opportunities to enhance the capabilities and standards of our team. Over the past few years, we have established standards for transparency in user asset management within the industry, and we have set the highest compliance standards in the industry. Building effective communication and trust with EU regulators may still take time, but we will not give up. We will continue to adhere to the global gold standard for compliance in the crypto industry. Compliance is a topic that has garnered significant attention recently. I believe this represents progress for the industry, indicating that the sector is transitioning from its wild beginnings to a phase of self-restraint and self-discipline. However, the lesson I’ve learned this time is: companies with licenses are not necessarily compliant or self-disciplined, and Binance’s adherence to the gold standard of compliance does not necessarily guarantee obtaining a license. But our goal is the stars and the sea, not rolling in the mud with competitors. We will hold ourselves to the highest standards in the industry. BlockBeats Note: The transitional grace period for the EU crypto regulatory framework MiCA will officially end on July 1, 2026. The European Securities and Markets Authority (ESMA) has previously called on unauthorized crypto asset service providers (CASPs) to orderly exit related businesses by the end of the MiCA transition period. [Original Link]