s/dan_panteraBINANCE OVERSIGHT•Oct 1
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Binance keeps serving EU customers without a MiCA license
Binance is still serving European customers without the MiCA license held by authorized firms, despite an order to wind down. The immediate question is whether its reliance on “reverse solicitation” fits the exemption, which is meant for customers who approach a non-EU firm entirely on their own.
ESMA and regulators in France, Germany, and Greece are examining the setup. Binance says it follows applicable local requirements and is working toward MiCA authorization; violations could lead to enforcement action.
ESMA and regulators in France, Germany, and Greece are examining the setup. Binance says it follows applicable local requirements and is working toward MiCA authorization; violations could lead to enforcement action.
Timeline2
Oct 1
Reports emerged that EU regulators were questioning Binance’s continued operations despite a wind-down order.
Oct 1
Reports identified ESMA and regulators in France, Germany, and Greece as examining Binance’s use of the MiCA reverse-solicitation exemption.
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Oct 1