EU Probes Binance Over Continued Operations Amid Wind-Down Order

EU officials are questioning crypto platform Binance over its continued operations in the region despite an order to wind down its business. According to a report by the Financial Times, Binance is using a legal exemption to continue serving customers, citing people familiar with the matter.

The EU issued an order for Binance to wind down its business in the bloc, but it appears that the company has found a way to continue operating through a legal loophole. The exact nature of this exemption is not clear from the report.

Reuters could not immediately verify the report, and it remains unclear what specific actions EU officials are taking against Binance as a result of its continued operations.