European regulators are examining whether Binance continued serving users in the European Union without the required authorization by relying on the "reverse solicitation" provision under the Markets in Crypto-Assets framework, or MiCA. The review centers on whether the exchange, described in the report as the world’s largest crypto trading platform, used that rule to keep offering services in the bloc despite not holding the necessary license. The European Securities and Markets Authority, or ESMA, is among the bodies involved in the scrutiny. The update was carried by Techub News, citing CoinPedia. No further details on the scope of the review, the jurisdictions involved, or any potential enforcement steps were disclosed in the source digest.
European regulators are looking into whether Binance leaned on the "reverse solicitation" rule in the Markets in Crypto-Assets framework, known as MiCA, to keep serving users in the European Union without getting the required license.
The review includes the European Securities and Markets Authority, or ESMA, together with other agencies, according to Techub News, which cited CoinPedia.
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