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EU Probes Binance Over Service Exemption

1 Oct

Summary

EU officials question Binance's legal exemption for serving customers.
Binance was previously ordered to wind down its business in the EU.
The Financial Times reported on the ongoing investigation.

European Union officials are investigating crypto exchange Binance. They are probing the company's utilization of a legal exemption that allows it to continue serving customers within the EU. This inquiry follows a previous directive ordering Binance to wind down its operations across the bloc.

The Financial Times reported on Thursday that EU authorities are examining Binance's practices. Sources close to the matter indicated that questions have been raised regarding the legal basis for Binance's continued service to EU customers, especially in light of the earlier withdrawal order.

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