Binance Continues EU Operations Without MiCA License, Reports Say

Loopholes Allow Continuation in the EU

Even without obtaining the MiCA license, the operations of the largest cryptocurrency firm have not halted. As reported by Bloomberg on September 4, Binance, the world's largest cryptocurrency exchange, continues its business within the EU using multiple loopholes, despite not securing a license under the EU's unified regulation 'MiCA'.

MiCA, which applies to all 27 EU member states, mandates that obtaining a license in one country allows operations throughout the region...