#CRYPTO EXCHANGE BINANCE LICENSE#

Even before the U.S SEC accused the cryptocurrency exchange earlier this month, the agency had reached out to financial authorities in numerous EU states for further information on Binance.

#CRYPTO EXCHANGE BINANCE LICENSE#

Binance still intends to apply for appropriate licensing in Germany, but it is essential that our submission accurately reflects these changes.” Rising Global Scrutinyīinance has proceeded to withdraw its license applications after encountering significant regulatory obstacles throughout Europe. “The situation, both in the global market and regulation, has changed significantly. Binance has already stated its intent to adhere to the forthcoming Markets in Crypto Assets ( MiCA) law in the European Union. branch and mending things to comply with the MiCA laws. Possible reasons for the decision include legal action taken against its U.S. In response to scrutiny from authorities all across the globe, Binance has likely implemented this change. Earlier, German authorities notified it that they would not provide a cryptocurrency custody license, leading to this decision.

Numerous European authorities are undertaking their own investigations against Binance.īinance, the world’s largest crypto exchange, has decided not to pursue a license from BaFin, Germany’s financial watchdog.

Binance has already stated its intent to adhere to the forthcoming MiCa law in the EU.

Crypto exchange binance