Binance withdraws its application for a German crypto custody license.
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Binance Withdraws German Crypto License ApplicationThe move follows reports it had been rejected by financial regulators, and amid a pullback from markets including Austria, Belgium and the Netherlands
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Binance withdraws crypto license application in GermanyBinance recently exited the Dutch market after failing to secure a virtual asset service provider license from regulators in the country.
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Binance withdraws application for crypto license in GermanyBinance has withdrawn its application for a crypto license in Germany, suggesting the world's biggest cryptocurrency exchange is rethinking its immediate expansion plans amid a tough regulatory stance towards the industry.
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Binance withdraws crypto license application in GermanyBinance has withdrawn its application for a license from German financial regulator BaFin, marking its latest European regulatory move.
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Crypto.com Trumps Binance, Securing Netherlands Registration as Larger Rival WithdrawsThe Netherlands, which has taken a tough line on rivals such as Binance and Coinbase, follows France, Dubai and the U.K. in recognizing the crypto exchange.
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Binance Withdraws Request for German Regulatory ApprovalBinance has withdrawn an application to register with the German financial regulator, marking the latest European regulatory setback faced by the world’s largest cryptocurrency exchange.
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