Several European police services accuse Binance of slowing down fraud investigations by taking months to share suspect account data, while stolen funds move in minutes. Binance denies the accusations and claims to have processed 71,000 authority requests in 2025, operating under an Abu Dhabi license after its exit from the European market on July 1. The European Securities and Markets Authority (ESMA) had advised national regulators to reject Binance’s Markets in Crypto-Assets Regulation applications, citing compliance gaps related to nearly one billion dollars flowing to sanctioned Iranian networks. According to multiple media reports, the ECB and its president Christine Lagarde pressured Athens to bury the Greek file, fueling speculation of a battle for European monetary sovereignty against dollar-backed stablecoins.
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