Поделиться этой статьей
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Binance Withdraws German Crypto License Application
The move follows reports it had been rejected by financial regulators, and amid a pullback from markets including Austria, Belgium and the Netherlands
Binance has withdrawn its application for a license from German financial regulator BaFin, the company told CoinDesk.
The move follows a retrenchment from markets including Austria, Belgium and the Netherlands, and as its U.S. arm is sued by regulators for operating an unregistered exchange.
STORY CONTINUES BELOW
Не пропустите другую историю.Подпишитесь на рассылку State of Crypto сегодня. Просмотреть все рассылки
“Binance confirms that it has proactively withdrawn its BaFin application,” a spokesperson told CoinDesk in an emailed statement. “The situation, both in the global market and regulation, has changed significantly. Binance still intends to apply for appropriate licensing in Germany, but it is essential that our submission accurately reflects these changes."
In June, Finance Forward reported sources saying the company was set to be denied a license by BaFin, but a Binance spokesperson at the time said it was continuing discussions with officials.
Binance has also given up its registration with Cyprus' securities regulator, decided to quit the Netherlands after a failed attempt to register, and has been ordered to halt operations in Belgium.
Earlier in June, Chief Executive Officer Changpeng “CZ” Zhao has said France remained Binance’s flagship center in Europe, in spite of a money laundering probe there, and European Union laws set to take effect in 2024 will allow crypto service providers to operate across the bloc with a single license.
Read more: SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations
Jack Schickler
Jack Schickler was a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He previously wrote about financial regulation for news site MLex, before which he was a speechwriter and policy analyst at the European Commission and the U.K. Treasury. He doesn’t own any crypto.
Больше для вас
Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
Что нужно знать:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
