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ESMA Tightens Crypto Rules for EU Users | Bitcoin and Crypto News
Description
ESMA is cracking down on crypto exchanges in the EU, demanding all services to EU clients must be delivered by MiCA-authorized entities by July 1st. Binance is adjusting operations in key EU countries like France, Spain, and Italy to comply, while clarifying no action is needed for users outside the EU. ESMA warns that even indirect outreach — like running apps or social media campaigns targeting EU users — counts as solicitation and disqualifies entities from the narrow exemption for third-country firms. Legal experts question whether Binance’s Abu Dhabi-based model truly meets MiCA standards, highlighting the push for transparency and accountability in EU crypto services.
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