According to Decrypt, European regulators are examining how Binance continues to provide services to customers located in the European Union from its operations based in Abu Dhabi. The review comes months after Binance lost its regulatory registration under the EU’s MiCA framework. The focus of the inquiry centers on whether Binance is adhering to requirements related to user solicitation practices, specifically addressing concerns about a possible ‘reverse solicitation’ exemption that may apply to certain user interactions. No details regarding timelines, specific actions taken by regulators, or Binance’s responses are included in the report. The investigation reflects ongoing scrutiny of Binance’s compliance posture following the withdrawal or loss of its MiCA-authorized status within the EU regulatory landscape.
