EU regulators examine Binance’s use of MiCA exemption to serve customers without a bloc-wide license

European regulators are scrutinizing Binance’s reliance on MiCA’s “reverse solicitation” exemption to continue serving some EU customers after the exchange failed to secure a bloc-wide license, according to Financial Times reporting cited by multiple outlets ^{[1] [2] [3]}.

The European Securities and Markets Authority and regulators in France, Germany and Greece are reviewing whether Binance qualifies for the exemption. The reports say enforcement action could follow if regulators reject the exchange’s interpretation ^{[2] [4]}.