BUSD

Amid rising tensions from a US SEC <a href="https://www.sec.gov/news/press-release/2023-101" rel="noopener noreferrer nofollow">lawsuit</a>, Binance has <a href="https://financefwd.com/de/binance-oesterreich/" rel="noopener noreferrer nofollow">abandoned</a> its registration plans in Austria. According to a German media outlet, Finance Forward, Binance has withdrawn its application for registration with the Austrian Financial Market Authority (FMA).A Binance spokesperson commented that the company couldn’t disclose details about the matter but is fulfilling its obligations. Last year, the exchange established Binance Austria GmbH with the intention of obtaining a license for the subsidiary, but with this new announcement, it appears that the plans have been terminated.The company has been facing setbacks for some time now, as it has already scaled back its plans in the United Kingdom, Belgium, Cyprus, and the Netherlands. It should be noted that Binance&#39;s withdrawal of its application in Austria does not impact its current business. The license would have only allowed Binance to engage in marketing, advertising, and other activities.Read full article at <a href="https://cryptotale.org/binance-abandons-registration-plans-in-austria-amid-regulatory-scrutiny/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance Abandons Registration Plans in Austria Amid Regulatory Scrutiny

CryptoTale

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