EU regulators are questioning Binance over its use of legal exemptions to keep serving customers in the European Union after failing to secure a Markets in Crypto-Assets (MiCA) license, according to The Block, which cited the Financial Times. The report centers on whether Binance continued offering services to EU users despite not having the authorization required under the bloc’s crypto framework. Binance said it complies with applicable regulatory requirements in the jurisdictions where it operates. The exchange also said it is working to obtain MiCA authorization. The development adds to regulatory scrutiny around how crypto platforms operate in Europe under the new licensing regime.
EU regulators are questioning Binance over its use of legal exemptions to continue serving customers in the European Union after failing to obtain a Markets in Crypto-Assets (MiCA) license, according to The Block, citing the Financial Times.
Binance said it complies with applicable regulatory requirements in the jurisdictions where it operates and is working to obtain MiCA authorization.
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