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Binance has withdrawn its crypto license application from BaFin in Germany due to increasing regulatory tension in Europe.<h3 id="strong-list-your-profile-links-on-cryptosheadlines-com-strong">List Your Profile Links On CryptosHeadlines.com</h3>“Become a Supporter of CryptosHeadlines.com! Send us your name and social profile links, and we will add your name along with your profile links to the Supporter Page as a proud supporter of CryptosHeadlines.com.<a href="https://cryptosheadlines.com/6937-2/" rel="noopener noreferrer nofollow">Supporter Page Link</a>Binance, the largest cryptocurrency exchange by volume, has withdrawn its application for a license from BaFin, the German financial regulator. The decision was made after German officials declined to grant the <a href="https://cryptosheadlines.com/unusual-trading-volumes-observed-for-4-altcoins-on-south-korean-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">exchange a cryptocurrency</a> custody license. This move comes <a href="https://cryptosheadlines.com/japan-tightens-crypto-exchange-regulations-amid-growing-concerns/" rel="noopener noreferrer nofollow">amid increasing demands from regulators</a> worldwide.Binance’s decision to withdraw its application from BaFin was influenced by its exit from markets in Austria, Belgium, and the Netherlands.Additionally, its American arm <a href="https://cryptosheadlines.com/coinbase-faces-simultaneous-state-security-regulator-action-amid-sec-lawsuit/" rel="noopener noreferrer nofollow">facing a lawsuit from regulators</a> for operating an unlicensed exchange played a role in the decision. These <a href="https://cryptosheadlines.com/baby-doge-coin-defies-regulatory-challenges-surges-with-momentum/" rel="noopener noreferrer nofollow">regulatory challenges</a> prompted Binance to reevaluate its operations in different jurisdictions. <a href="https://cryptosheadlines.com/binance-withdraws-germany-license-application/" rel="noopener noreferrer nofollow">Read More...</a>

Binance Withdraws Germany License Application

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