EU Regulators Ask Binance Why It Kept Offering Related Services
The inquiry focuses on Binance’s continued operations after regulators told the exchange to halt related business activities.
EU regulators are asking Binance to explain why it continued offering related services after being told to halt those activities, increasing scrutiny of the global cryptocurrency exchange.
The inquiry focuses on Binance’s operations under the restrictions and the company’s decision to keep providing services. Regulators want an explanation of how the platform continued operating after the earlier instruction to stop related business activities.
The review adds another regulatory challenge for Binance as authorities examine whether its operations complied with the restrictions already imposed.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.