European authorities are asking Binance to explain why it continued operating after previously being told to halt related business, according to a report cited by Odaily and attributed to the Financial Times. Regulators are examining the exchange’s operating status under the restrictions that had already been imposed. They have also asked the company to clarify issues tied to its continued provision of services. The report does not specify which services are under review or provide further details on the scope of the earlier order. The development places Binance under fresh regulatory scrutiny in Europe, with the inquiry centered on whether the platform remained active after being required to stop the relevant business.
European authorities are asking Binance why it continued operating after previously being told to stop related business, according to Odaily, which cited the Financial Times.
EU regulators are reviewing Binance’s operations under the relevant restrictions and have asked the company to explain issues related to its continued provision of services.
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