EU Scrutiny Threatens Binance Operations Under MiCA Exemption

The European Union is investigating whether Binance can continue operating in Europe without obtaining a license under the EU's Markets in Crypto-Assets Regulation (MiCA).

Regulators are questioning whether Binance can legally rely on an exemption that allows certain foreign financial companies to serve European customers without local authorization.

Binance says it complies with regulations in the countries where it operates and is working toward obtaining MiCA authorization.