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Wu Blockchain (@WuBlockchain): FT: EU Regulators Scrutinize Binance’s Use of MiCA Exemption Binance, the world’s largest crypto exchange, is under scrutiny from EU regulators over its use of MiCA’s “reverse solicitation” exemption to continue serving some European customers after failing to secure a license, the Financial Times reported. ESMA and regulators in France, Germany and Greece are reviewing whether Binance qualifies for the exemption, with potential enforcement action if they reject its interpretation.