5 days ago
3
Key Takeaways
- EU regulators are examining Binance’s use of reverse solicitation.
- Customer declarations cannot override evidence of promotion.
- Qualifying ongoing relationships have no fixed expiry.
- Account access does not establish MiCA authorisation.
Reuters reported on October 1, citing the Financial Times, that EU and national regulators were questioning Binance’s use of “reverse solicitation.” Binance said it complies with applicable requirements and is “actively working toward becoming MiCA-authorised.”
The scrutiny follows the July 1 end of MiCA’s maximum transitional period, which had allowed some providers to keep operating under national arrangements while seeking authorisation. Coindoo’s earlier reporting on Binance’s Greek licence bid described its application as withdraw...
English (US)