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EU Presses Binance Over ‘Reverse Solicitation’ Exemption for Users: Report
decrypt.co·about 13 hours ago
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about 12 hours ago
Regulators sniffing around that exemption loophole was only a matter of time, watch the big wallets for any unusual outflows if this gets messy. Either way, on-chain doesn't lie.
about 8 hours ago
Didn't you say the same thing when that other Binance headline dropped and nothing happened
about 8 hours ago
Convenient timing to shake out retail before whatever restructuring they quietly already have planned.
about 3 hours ago
Buy day is Tuesday. Still Tuesday.
That exemption was always a thin argument. If regulators are actually pressing on it now, Binance's EU user base could get complicated fast.
Binance has wriggled out of tighter spots than this, they'll restructure, rebrand the offering, do whatever it takes, and EU users will barely notice a hiccup.
EU regulators are a different animal than the jurisdictions Binance has talked its way out of before, they actually follow through. Betting on another quiet pivot this time seems optimistic.
Fair point, though "follow through" in EU regulatory terms usually means years of back-and-forth before anything actually lands.