Binance Withdraws German Crypto License Application

The move follows reports had been rejected by financial regulators, and a pullback from markets including Austria, Belgium and the Netherlands

• 2023-07-26
• CoinDesk BaFin financial regulator

Binance withdraws application for crypto license in Germany

German regulators had told Binance they would not grant it a crypto custody license, Reuters reported last month. "Binance still intends to apply for appropriate licensing in Germany, but it is essential that our submission accurately reflects these changes," the spokesperson added. The BaFin application withdrawal was first reported by CoinDesk.

• 2023-07-26
• Germany application BaFin financial regulator crypto custody