Binance routes EU clients through Abu Dhabi as ESMA tests MiCA's first big case

Crypto Insight Summary: EU regulators are questioning Binance over how it keeps serving European customers through an Abu Dhabi-licensed entity. Binance was previously told to shut down its EU business after it failed to win a license under the Markets in Crypto-Assets rulebook (MiCA). Why are EU regulators questioning Binance? ESMA and national regulators in France, Germany and... Crypto Insight Analysis: Direction: Bearish BNB Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory scrutiny on Binance's EU operations may pressure BNB price.