JamesBrown
Sun Jun 09 2024
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6 answers
1712
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 | Binance has formally withdrawn its cryptocurrency custody license application in Germany.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).
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 I've heard that Binance has withdrawn its application for a cryptocurrency custody license in Germany.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.
