Binance CEO: 70% of EU Withdrawals Go to Self-Hosted Wallets

Binance CEO Richard Teng revealed that 70% of funds withdrawn by EU users amid MiCA regulatory changes are sent directly to self-hosted wallets, leaving regulators with zero visibility. Only 30% of withdrawals go to other exchanges, highlighting a trend that undermines the transparency goals of MiCA rules.

Detected & updated continuously · Source: Ruma

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