Binance's EU Services Under Fire Over Licensing Exemption

European regulators are scrutinizing Binance's use of a legal exemption to continue serving customers in the European Union without authorization under the bloc's crypto rules.

The European Securities and Markets Authority (ESMA) and regulators in France, Germany, and Greece are examining Binance's use of reverse solicitation under the Markets in Crypto-Assets Regulation (MiCA).

Binance withdrew its Greek MiCA application in June and said it would seek authorization in another EU member state.