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Binance Drops License Application in Germany amidst Regulatory Challenges
The embattled cryptocurrency exchange Binance has reportedly withdrawn its application for a crypto license in Germany, signifying the tough regulations and legal challenges the exchange is facing in expanding its operations in Europe.Finance Magnates reported in June, citing insiders at BaFin who spoke with Fast Forward, that the German regulator was unwilling to grant Binance a license for crypto custody services. The crypto giant had hoped to make Germany a new hub in Europe by obtaining the...
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Posted: Jul 26 2023, 16:12
Author Name: financemagnates
Views: 110198