🚨 Binance and Changpeng Zhao are being sued in London, and this time it's nearly 1,700 ordinary people coming for them directly.
The claim landed at the UK High Court on Monday.
Here's what's actually inside this suit 🧵
This is not the truth. It is easy to verify the facts.
As of today, the so-called “affected users” are limited to the jurisdictions where Binance has chosen to implement these restrictions: Italy, Spain, France, Poland, Belgium, and Sweden.
Users in the rest of the EEA can still sign up, deposit, and trade.
Binance appears to have chosen to ignore ESMA’s public statements and prioritize its business interests over regulatory compliance. This raises an important question about the consistent application of MiCA across the EEA and how cross-border compliance expectations should be enforced.