EU Regulators Scrutinize Binance Over Continued Operations

European Union regulators are investigating Binance's continued service to EU customers following the exchange's failure to obtain a license under the Markets in Crypto-Assets (MiCA) regime. Binance is reportedly utilizing a 'reverse solicitation' exemption, which officials argue is narrowly defined. National regulators in France, Germany, and Greece are seeking information, with potential fines or enforcement actions possible if the exchange is found to be operating outside the exemption's scope.