EU regulators scrutinize Binance over MiCA exemption use
Image: BeInCryptoEU regulators are reviewing Binance's use of the Markets in Crypto-Assets (MiCA) reverse solicitation exemption. Binance failed to secure a required MiCA license, which should have barred it from serving new EU clients from July 2026. National regulators in France, Germany and Greece are also investigating the exchange's activities. Binance states it is actively pursuing MiCA authorization and cooperating with regulatory requests. ESMA has asked the European Commission for stronger oversight powers over unlicensed non-EU firms courting EU investors.
Key points
- EU regulators are scrutinizing Binance's use of MiCA's reverse solicitation exemption
- National regulators in France, Germany and Greece are investigating Binance's EU operations
- Binance states it is actively pursuing MiCA authorization and cooperating with regulators
Why it matters
The review affects millions of EU crypto users who rely on Binance for trading. ESMA's request for stronger oversight powers could change how unlicensed non-EU firms operate in the EU market.
What's unclear
Conflicting reports exist on whether ECB President Christine Lagarde pressured Greece to reject Binance's withdrawn Greek license application, with Greece's regulator denying the a
Neither report specifies the exact number of EU customers Binance serves via the reverse solicitation exemption or its timeline for securing full MiCA authorization
Sources · 3 publishers
Crypto Briefing
Tier 2
EU regulators question Binance over unlicensed operations in Europe
BeInCrypto
Tier 2
Binance is Using Legal Loopholes to Operate in Europe, Regulators Claim
Coverage timeline
- First reported by CoinCentral
- Confirmed by Crypto Briefing
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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