Current outcome
Binance faces scrutiny from ESMA and regulators in France, Germany, and Greece over its use of the MiCA reverse-solicitation exemption to serve EU customers, while ESMA pushes for stronger enforcement powers.
Progress timeline
9 material updates- #01
Binance EU MiCA Licensing: Ongoing Compliance Challenges - The Cryptonomist
Binance faces ongoing compliance challenges regarding its EU MiCA licensing, highlighting regulatory hurdles for the exchange in the European market.
Source evidence: The Cryptonomist
- #02
Binance’s EU Crypto License Bid Faces Fresh Scrutiny After Reported Lagarde Intervention - Bitcoin Foundation
Binance's bid for an EU crypto license is facing renewed scrutiny following a reported intervention by ECB President Christine Lagarde.
Source evidence: Bitcoin Foundation · OneSafe.io · bloomingbit · CoinDesk · Bitcoin News · Finextra Research · Northeast Times · cryptonews.com · The Cryptonomist · CoinDesk · altcoinbuzz.io
- #03
Binance brushes off Lagarde MiCA speculation, reaffirms Europe commitment
Binance declined to comment on a WSJ report that ECB President Christine Lagarde intervened to block its Greek MiCA license bid, while reaffirming its commitment to securing European authorization.
Source evidence: Cointelegraph · BitKE
- #04
Christine Lagarde Called Greece's Prime Minister to Kill Binance's EU License - Startup Fortune
ECB President Christine Lagarde reportedly called Greece's Prime Minister to intervene against Binance's bid for an EU operating license.
Source evidence: Startup Fortune · Crowdfund Insider
- #05
REGULATION | Greece Adds First 4 Crypto Firms to the EU MiCA Register After Rejecting Binance
Greece has added its first four crypto firms to the EU's MiCA register while rejecting Binance's application, marking a national milestone in MiCA enforcement.
Source evidence: BitKE
- #06
EU Regulators Probe Binance’s MiCA Exemption for EU Services
European regulators are investigating whether Binance improperly relied on a MiCA exemption to continue offering services in the EU.
Source evidence: tokenpost.com · Coinfomania · tokenpost.com · The Cryptonomist
- #07
【欧盟就币安未按要求清盘运营提出质疑】
EU regulators and ESMA questioned Binance over not winding down as required, demanding proof it is genuinely liquidating its EU business; reports say Binance still serves EU users via reverse solicitation exemption and routing some trades to an Abu Dhabi entity.
State after update: Binance faces questioning from EU regulators and ESMA over not winding down as required, and is being pressed to confirm whether it is genuinely executing the wind-down rather than continuing operations under another name.
Source evidence: foresightnews · wublockchainenglish · bloomingbit
- #08
REGULATION | EU Regulators Reportedly Question Binance Over Continued European Operations Despite Wind-Down Order
EU regulators are reportedly pressing Binance over its continued European operations despite a wind-down order, raising compliance and market-access questions for the exchange in the region.
Source evidence: BitKE · Moneycontrol.com · Global Banking & Finance Review · Financial Times · finance.biggo.com · Bloomberg.com · Decrypt
- #09
Binance’s EU services face scrutiny over licensing exemption: Report
Regulators in France, Germany and Greece are reportedly examining Binance's use of the MiCA reverse-solicitation exemption to serve EU customers, alongside ESMA; ESMA also called for stronger enforcement powers over non-EU firms.
State after update: Binance faces scrutiny from ESMA and regulators in France, Germany, and Greece over its use of the MiCA reverse-solicitation exemption to serve EU customers, while ESMA pushes for stronger enforcement powers.
Source evidence: Cointelegraph · CCN.com