The following is a summary of remarks made by Daniel Lai, CEO of BingX Europe, at a recent panel discussion at the Crypto Compliance & Legal Roundtable during the Vienna Blockchain Conference in Austria on May 18th, 2026.
As the European crypto industry enters a new era under the Markets in Crypto-Assets (MiCA) framework, BingX continues to advance its efforts toward MiCA readiness as part of its broader commitment to compliance, operational excellence, and long-term sustainability.
MiCA represents an important milestone for the digital asset sector, establishing a harmonized regulatory framework across the European Union and creating greater clarity for businesses and users alike. We see this as an opportunity to strengthen our foundations and further enhance the standards that support our operations.
Preparing for a New Regulatory Framework
One of the most valuable aspects of the application process has been the opportunity to engage with regulators through a detailed and comprehensive review of our business.
The process extends beyond policies and documentation, focusing on how governance structures, compliance frameworks, operational procedures, and risk management practices are implemented in practice. Discussions have covered a broad range of areas, reflecting the comprehensive nature of the MiCA framework and the high standards expected of market participants.
At BingX, our approach has been guided by a simple principle: demonstrating not only what our policies are, but how they are executed. This means proving our robust operating procedures, clear accountability structures, and practical controls that support effective implementation across the organization.
People as a Center Focus
A key focus throughout our preparation has been ensuring that the right people are in place to support our regulatory and operational responsibilities.
As regulatory expectations continue to evolve, experience, expertise, and execution capability are becoming increasingly important. Preparing for MiCA requires teams with the knowledge and practical experience to implement them effectively.
BingX has invested heavily in building a team that combines regulatory understanding, operational expertise, and deep industry knowledge. We believe strong governance starts with strong people, and that commitment remains central to our long-term strategy in Europe.
Strengthening Operational Capabilities Through Trusted Partnerships
Preparing for MiCA also involves building a strong operational ecosystem. Alongside internal capabilities, trusted external partners play an important role in supporting areas such as compliance, risk management, and market integrity.
By combining internal expertise with established industry solutions, BingX continues to strengthen its operational framework while maintaining a focus on transparency, security, and user protection.
Supporting Europe's Digital Asset Ecosystem
Europe has established itself as one of the world's most important regions for digital asset innovation. The introduction of MiCA provides a significant opportunity to further strengthen confidence in the industry and create a clear foundation for sustainable growth.
BingX welcomes the development of transparent regulatory standards that encourage responsible innovation while fostering trust across the digital asset ecosystem. We believe collaboration between regulators, industry participants, technology providers, and talent communities will be essential to supporting the next stage of growth for the sector.
Looking Ahead
As we continue progressing through the MiCA application process, BingX remains focused on building a platform that aligns with high standards of compliance, governance, and operational excellence.
Our objective is to ensure that the foundations we build today support sustainable growth for the future. Through continued investment in people, processes, and technology, we are working to strengthen our readiness for the evolving regulatory landscape while contributing to the long-term development of Europe's digital asset ecosystem.
The path toward MiCA readiness is an ongoing journey. For BingX, it reflects a commitment to preparation, accountability, and building responsibly for the future.
