Binance withdraws license application in Austria: FinanceFWD
The company recently also moved to exit the Netherlands, Cyprus, and the U.K.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto exchange Binance has withdrawn its license application with the Financial Market Authority of Austria, according to FinanceFWD.
"We are unable to share details of our conversations with regulators, however we remain committed to acting in compliance with our obligations wherever Binance operates," a Binance spokesperson told The Block when contacted to comment on FinanceFWD'son the withdrawn Austrian application."Our current focus in Europe is on ensuring that we will be in full compliance with the requirements of MiCA [Markets in Cryptoassets] when it is implemented at the end of next year.
Binance withdrew the Austrian application some time ago, according to the FinanceFWD report that cites sources familiar with the matter. The Austrian regulator reportedly exerted pressure behind the scenes. The company is said to have set up Binance Austria GmbH last year, intending to obtain a license for the subsidiary.Austria adds to the list of European markets Binance has moved to exit in recent weeks.
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