According to CoinMeta, EU regulators are questioning how Binance continues to serve customers without a license. The European Securities and Markets Authority (ESMA) and regulatory authorities in countries such as France, Germany, and Greece are examining Binance's reliance on reverse recruitment. This exemption applies to companies outside the EU serving customers. Some regulators have requested information from Binance, and if dissatisfied, they may take enforcement actions, including fines. According to the rules of the crypto asset market, unlicensed companies should immediately take measures to stop their operations within the EU, only assisting existing customers with transferring or selling their holdings. Binance stated that it always complies with applicable regulatory requirements and is actively committed to obtaining the necessary authorization.