EU regulators question Binance: exchange serves Europeans without MiCA license through "reverse solicitation"

According to FT, ESMA and supervisory authorities in France, Germany and Greece are checking whether Binance lawfully uses this exemption after the requirement to wind down operations in the EU from 1 July 2026. Some authorities have already requested data from the exchange. If the answers are not satisfactory, FT sources speak of possible fines, but neither a fine nor a new order exists yet. Binance states that it complies with the requirements and is seeking a MiCA license.

Facts

MarketsCapApp and financialjuice were the first to report the FT publication at around 04:03 UTC on 1 October. No earlier announcement was found. [page via link, 1 October 2026]
From 1 July 2026 unlicensed platforms must wind down operations in the EU and only close positions and withdraw funds. The "reverse solicitation" exemption applies when a client itself approached a company outside the EU.
Cryptocratico: no fine and no new order have been announced, several reviews are underway, Binance declares compliance. [@Cryptocratico, 1 October 2026]
According to FT, ESMA and regulators in France, Germany and Greece are checking how Binance continues to serve clients from the EU without a MiCA license; some authorities have requested data from the exchange.
ESMA previously called this exemption narrow, not intended for retaining clients attracted by marketing. [@DoCryptoBred, 1 October 2026]

Awaiting

How Binance will respond to regulators requests and whether authorities will decide that the exemption is applied unlawfully
Whether there will be fines or other enforcement measures

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