The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license. The trading platform made it clear it’s not giving up on plans to eventually obtain authorization from the Federal Republic but wants its submission to better reflect the changing market and regulatory conditions.
Crypto Exchange Binance to Reconsider Attempt at Getting German Regulatory Approval
Binance, the leading cryptocurrency exchange by daily trading volume, has pulled out its application for a crypto license in Germany, Reuters reported, noting that the exchange is obviously rethinking its expansion plans in the current difficult regulatory environment.
The move comes after about a month ago the German financial news magazine Finance Forward revealed, citing sources, that Germany’s Federal Financial Supervisory Authority (Bafin) had informed Binance it would not be licensed as a crypto custodian in the country.
“Binance confirms it has proactively
We współpracy z: https://news.bitcoin.com/binance-withdraws-its-crypto-license-application-in-germany/
