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- Binance has withdrawn its license application in Austria, following similar moves in the UK and other countries.
- The exchange has not denied the news, and a company official stated that Binance is committed to complying with its obligations in every jurisdiction it operates in.
- Binance has recently closed its operations in Cyprus and the Netherlands, and withdrawn its license application in the UK.
Binance, the world’s largest cryptocurrency exchange, has reportedly withdrawn its license application in Austria, according to Finance FWD. The company has not denied the news, and a company official said that Binance is committed to complying with its obligations in every jurisdiction it operates in. The exchange has recently closed its operations in Cyprus and the Netherlands, and withdrawn its license application in the UK.
Binance Withdraws License Application in Austria
Binance has reportedly withdrawn its license application in Austria, following similar moves in the UK and other countries. The exchange has not denied the news, and a company official stated that Binance is committed to complying with its obligations in every jurisdiction it operates in. This move comes as Binance faces increased scrutiny from regulators around the world.
Recent Closures and Withdrawals
In recent months, Binance has closed its operations in Cyprus and the Netherlands, and withdrawn its license application in the UK. The exchange has also ended its operations in Canada in May. These moves come as Binance faces increased scrutiny from regulators around the world, who are concerned about the potential risks associated with cryptocurrency trading and the exchange’s compliance with local regulations.
Commitment to Compliance
Despite these recent closures and withdrawals, Binance remains committed to complying with its obligations in every jurisdiction it operates in. A company official stated, “We cannot share the details of our discussions with regulators, but we are committed to acting in accordance with our obligations in every jurisdiction we operate in. Our current focus in Europe is to ensure that we are in full compliance with the requirements of MiCA, which will be implemented by the end of next year.”
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