Tag: BaFin

Binance has made a significant move in its quest to expand its European operations by withdrawing its application for a cryptocurrency license in Germany. The decision comes after allegations that the German Federal Financial Supervisory Authority (BaFin) rejected their custody license application on June 29, 2023.  Initially, there was uncertainty ...

According to a local report, Binance has been denied a crypto custody licence by Germany's financial watchdog, the Federal Financial Supervisory Authority (BaFin). Earlier this year, Binance underwent a change in leadership in Germany, with Jonas Jünger taking over and prioritizing the acquisition of a crypto custody licence from BaFin. ...