ESMA and EU regulators probe Binance over MiCA workaround
- —ESMA and French, German and Greek regulators are probing Binance over operating without a MiCA licence
- —The exchange uses reverse solicitation and an Abu Dhabi subsidiary to serve EU clients
- —Binance's local licences in France, Spain and Poland have lapsed, and its Greek application was withdrawn in June
- —The list of non-compliant MiCA providers grew from 164 to 173 since mid-July
Why it matters: A stricter reading of reverse solicitation rules could restrict European users' access to Binance, including in Hungary.
Source: BitcoinBázis