Leading cryptocurrency exchange has withdrawn its cryptocurrency license application in Germany. The exchange confirmed its withdrawal to Cointelegraph on July 26, nearly a month after reports of rejections from The German Federal Financial Supervisory Authority (BaFin).
Binance has withdrew its crypto application licence in germany with reports that the exchange firm faced rejection from the german regulators. This report was confirmed via cointelegraph where source had it that..
"Binance still intends to apply for appropriate licensing in Germany, but it is essential that our submission accurately reflects these changes."
This is coming less than a month since binance officially cease its operation in netherlands due to regulatory issues.
Should we say that this is n't looking good for binance or the german citizens. This failed in agreement is just a way of depriving crypto users but we hope to see binance making a reapplication.
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