EU regulators are questioning Binance’s ability to serve European customers without a full licence, according to reporting. The scrutiny centers on Binance’s reported use of a narrow exemption under the EU’s Markets in Crypto-Assets (MiCA) framework to continue operations while requirements are not fully met.
The Financial Times is cited by both outlets as the basis for the report. Cointelegraph says the issue is linked to ESMA’s push for stronger enforcement powers, suggesting EU-level regulators are seeking greater ability to act against firms relying on exemptions. Euronews adds that Binance responds that it is working toward authorisation.
Euronews also notes that ESMA indicates enforcement responsibilities fall primarily to national authorities, highlighting a split between EU-wide oversight and country-level action. Overall, the outlets describe regulators focusing on compliance and licensing, with Binance reportedly attempting to move toward formal authorisation while regulators assess whether the exemption is being used appropriately.
