Binance, the world’s largest cryptocurrency exchange, received a veto from financial regulator BaFiN for its application for a crypto custody license in Germany.
Binance is in Germany, according to a local agency’s report on June 29, based on testimonies from sources familiar with the matter. license to provide crypto custody services applicationBaFin (German Banks Regulation and Supervision Agency) by denied.
your decision precision about net an explanation when not done a decision based on ongoing audits. intent It was underlined that it could be.
BaFin, the competent authority companies And ongoing processes comment about that you didn’t A Binance making a statement on the subject while stating spokesperson, They do not share information about the processes between them with the regulators, but they do not comply with the German regulations. welcome about continue their work reported.
Given to Binance, known as one of the largest cryptocurrency exchanges operating in Germany refusal Afterwards, eyes have recently applied for a digital asset license. to Deutsche Bank translated. Bank, 20 June for license to BaFin on had applied.