Regulation only works when the same rules apply to everyone.
If compliant companies invest heavily to obtain licenses, build local operations, and follow the rules—while others can continue operating through loopholes or exceptions—the market risks becoming a classic case of bad actors crowding out good actors.
Fair competition requires consistent enforcement.
Europe deserves one rulebook, applied equally to everyone. 🇪🇺
NEW: EU regulators are questioning Binance over its use of a legal exemption to continue serving customers in the bloc after failing to secure a MiCA license, according to the Financial Times.
Binance said it "complies with applicable regulatory requirements in the jurisdictions in which it operates" and that it is working toward becoming MiCA-authorized.