Binance’s Loophole Move Draws Attention From EU Regulators

EU regulators are questioning Binance's use of the 'reverse solicitation' exemption to keep serving EU customers after its MiCA license bid was rejected. ESMA and regulators in France, Germany, and Greece are scrutinizing the loophole, which allows non-EU firms to serve EU clients under strict conditions, potentially impacting Binance's operations in the region.