Binance Faces EU Scrutiny Over Wind-Down Order Loophole

EU officials are questioning Binance over its use of a legal exemption to continue serving customers in the region despite an order to wind down its business in the bloc, the Financial Times reported.

Citing people familiar with the matter, the FT said that EU officials are scrutinizing Binance's decision to rely on a regulatory loophole to maintain operations in the EU.

Reuters could not immediately verify the report.