Binance could remain accessible to EU users under new approach, Preston Byrne notes

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Jose Antonio Gastelum

1 hour ago

Binance could remain accessible to EU users under new approach, Preston Byrne notes — Binance may pivot for EU access

Preston Byrne suggests that Binance could potentially continue servicing EU clients if it shifts its business model to rely on reverse solicitation in most EU jurisdictions.

Byrne notes that implementing the necessary controls for this approach would be challenging and could slow down Binance's operations. He adds that this situation represents an own goal for Europe, which he believes would have benefited from integrating Binance more closely into its regulatory structure.

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Byrne has previously argued that reputational risk does not predict bank failures and should be excluded from U.S. bank supervision. He has also publicly encouraged the creation of new digital tokens for rapid wealth generation. His recent comments on Binance follow a pattern of scrutinizing regulatory approaches to financial innovation.

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