Binance’s EU operations face scrutiny over licensing exemption

Binance’s continued service to European Union customers is drawing regulatory scrutiny following its failure to secure authorization under the bloc’s MiCA framework. Reporting published on October 1 described questions from European and national watchdogs about the exchange’s reliance on reverse solicitation. The issue concerns whether an offshore business can keep serving customers who initiate a relationship themselves, and whether Binance’s European operations satisfy the conditions attached to that exemption.