EU Probes Binance Over Continued Operations

The European Union has launched an investigation into Binance, a major cryptocurrency exchange, over its continued operations after receiving a wind-down order.

The order was reportedly issued by the UK's Financial Conduct Authority (FCA) in July 2022, requiring Binance to wind down its operations in the UK within three months.

However, Binance has continued to operate in the EU, sparking concerns about its compliance with regulatory requirements.