Cryptocurrency Q&A
Is Binance legal in Germany? | Binance has formally withdrawn its cryptocurrency custody license application in Germany. The withdrawal comes nearly a month after reports of the application's rejection by The German Federal Financial Supervisory Authority (BaFin).
Is Binance legal in Germany? | Binance has formally withdrawn its cryptocurrency custody license application in Germany. The withdrawal comes nearly a month after reports of the application's rejection by The German Federal Financial Supervisory Authority (BaFin).
JamesBrown
Sun Jun 09 2024
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6 answers
1712
Could you please clarify for me if Binance is considered legal in Germany? I've heard that Binance has withdrawn its application for a cryptocurrency custody license in Germany. Is this correct? And if so, what does this withdrawal signify? Was the application initially rejected by The German Federal Financial Supervisory Authority (BaFin)? Could you elaborate on the reasons behind this decision, and what it means for Binance's operations in Germany? Thank you for your assistance in clarifying this matter.
6 answers
AmyDavis
Tue Jun 11 2024
Cryptocurrency has revolutionized the financial landscape, offering unprecedented opportunities for investors and traders alike. As a professional practitioner in this field, I have witnessed the rapid growth and evolution of this exciting industry.
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NebulaNavigator
Tue Jun 11 2024
The rise of cryptocurrencies has disrupted traditional financial systems, providing a decentralized and secure alternative for transactions. These digital assets have gained widespread acceptance, attracting investors from all walks of life.
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henry_grayson_lawyer
Tue Jun 11 2024
One of the key players in the cryptocurrency space is BTCC, a UK-based exchange that offers a comprehensive suite of services. From spot trading to futures contracts, BTCC caters to a diverse range of trading needs.
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CryptoPioneer
Mon Jun 10 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices. This service provides a convenient way for investors to capitalize on price movements in the market.
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Alessandro
Mon Jun 10 2024
In addition to spot trading, BTCC also offers futures contracts, which allow traders to speculate on future price movements. This service provides a hedging mechanism and offers increased leverage for those seeking larger returns.
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