Binance Faces EU Regulatory Scrutiny Over Lack of MiCA License

Binance is under investigation by EU regulators for continuing to offer services to European customers without a MiCA license, more than three months after the transition period ended. While Binance previously withdrew a license application in Greece, it now claims to operate under the 'reverse solicitation' exemption, routing some business through an entity regulated in Abu Dhabi. Regulators are currently reviewing whether this practice complies with strict EU guidelines, warning that the exemption is not intended to bypass MiCA regulations. If the current structure is rejected, Binance may be forced to further restrict its offerings for EU users.