Later reports citing Financial Times reporting say European regulators are questioning how Binance is continuing to serve some customers in the EU without authorization under the bloc’s Markets in Crypto-Assets Regulation, or MiCA. A Cointelegraph report syndicated on TradingView said regulators were scrutinizing Binance’s use of a legal exemption, and a separate BeInCrypto report also said watchdogs were testing that reported exemption.
The exemption at issue is reverse solicitation under MiCA, as described in the Cointelegraph report. In that account, the carveout allows non-EU crypto-asset service providers to serve customers who approach them on their own initiative, rather than through the company’s own solicitation.
One specific detail in the later reporting concerns which Binance entity is serving some users. The Cointelegraph report, citing the Financial Times, said some EU traders are being served through Binance’s Abu Dhabi-regulated entity.
Binance has also used the later coverage to reiterate its broader position. According to the TradingView-syndicated Cointelegraph report, Binance said on Sept. 18 that it continues pursuing MiCA authorization and remains committed to operating in Europe on a long-term compliant basis. BeInCrypto separately quoted a Binance spokesperson saying the company complies with applicable regulatory requirements in the jurisdictions where it operates and is actively working toward becoming MiCA-authorized.
If that scrutiny leads to formal action, it would matter for how narrowly European regulators expect crypto firms to use MiCA’s reverse-solicitation exception. For now, the inspected evidence supports a narrower conclusion: later outlets, citing Financial Times reporting, say regulators are examining Binance’s use of that exemption, while Binance says it is still pursuing authorization in Europe and complying with applicable rules where it operates.
