German financial regulator BaFin has decided not to grant a custody license to crypto exchange Binance, according to people familiar with the matter. It is unclear whether this is a formal cancellation, or if regulators have expressed their intentions in ongoing negotiations.
Binance withdraws Austrian license application under pressure from regulators. Additionally, Binance had previously waived its registration with the Cypriot securities regulator, decided to withdraw from the Netherlands after unsuccessful registration attempts, and was ordered to cease operations in Belgium.