EU Questions Binance Over Operations
EU officials are questioning Binance over its continued services in the bloc despite a wind-down order. Regulators are examining the exchange's use of a reverse solicitation exemption. The probe could lead to potential enforcement action and fines if responses are unsatisfactory.
European Union regulators are questioning Binance over its continued operations in the region following a wind-down order, the Financial Times reported on Thursday morning. The inquiry focuses on whether the world's largest cryptocurrency exchange is misusing a narrow legal exemption to serve millions of clients. The outcome could trigger enforcement actions and financial penalties across the bloc's digital asset sector.
