⚠️BREAKING! An FT report: EU regulators question Binance, asking it to verify that, without having obtained a MiCA license, it continues to serve EU customers by relying on the reverse solicitation exemption.
Regulators believe this exemption is a narrow, case-specific exception and cannot be used to bypass MiCA compliance. Binance responded: it will comply with local regulations and continue to推进 the MiCA license application.
If regulators determine that the exemption is being abused, then there will be subsequent fines and business restrictions, and EU crypto compliance pressure will continue to escalate!
$BNB
Regulators believe this exemption is a narrow, case-specific exception and cannot be used to bypass MiCA compliance. Binance responded: it will comply with local regulations and continue to推进 the MiCA license application.
If regulators determine that the exemption is being abused, then there will be subsequent fines and business restrictions, and EU crypto compliance pressure will continue to escalate!
$BNB
