EU Regulators Question Binance Operations After Exit Order

EU regulators are questioning whether Binance continued operating after being ordered to stop related business activities, placing the exchange’s regulatory status under fresh scrutiny.

The regulators are asking Binance why it continued to provide services after the restrictions were imposed. They also want the exchange to explain how its operations complied with the measures.

The inquiry focuses on Binance’s activity under the restrictions and whether the exchange continued offering services that regulators had ordered it to halt.

The questions add to regulatory pressure on the global cryptocurrency exchange as European authorities examine whether its operations matched the limits imposed on it.