EU probes Binance over serving European users from Abu Dhabi
- —EU investigation focuses on Binance serving European clients from Abu Dhabi
- —Binance lost MiCA registrations in several EU countries
- —ESMA demands a restrictive reading of the reverse solicitation exemption
- —No sanctions or timeline announced; regulators are gathering information
Why it matters: The outcome will define whether unlicensed exchanges can serve EU residents and set a precedent for the entire sector.
Source: CriptoTendencias