The world's largest cryptocurrency exchange is under scrutiny from EU watchdogs for continuing to serve clients in the bloc, months after it was told to wind down its European business, according to a report by the Financial Times on Thursday.
Binance failed to secure a licence this summer under the Markets in Crypto-Assets Regulation (MiCA), the EU's rulebook for the sector. Unlicensed companies were expected to take "immediate steps" to wind down their EU operations from 1 July and to serve customers only to help them transfer or sell their crypto holdings.
