GENERAL4 Sept 2026
How does the world's largest crypto exchange, Binance, keep doing business in Europe without a license? Explained | Stock Market News
Binance, the world's largest crypto exchange, was set to leave the European Union after failing to get a key license. It still operates there by using side doors: serving customers who sign up on their own, and routing some trades through Abu Dhabi. Europe's new crypto rules haven't ejected it yet. Binance says it's working toward full authorization.
Key Statutory Highlights
- Binance, the world's largest crypto exchange, was set to leave the EU because it failed to obtain a key regulatory license, but it continues operating there.
- It is using a "reverse solicitation" clause that allows unlicensed firms to serve customers who sign up on their own, and it routes some EU trades through an Abu Dhabi entity.
- Europe's MiCA law was meant to regulate crypto firms uniformly, but so far it has not been able to force out the largest unlicensed exchange.
Actionable Advice for Taxpayers / Founders:If you trade on any crypto platform, check which entity handles your account and whether it is licensed in your jurisdiction.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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