Coinspeaker
Crypto Giant Binance Withdraws Application for License in Austria
Top crypto exchange Binance has reportedly changed its plans concerning obtaining an operational license in Austria. According to a FinanceFWD report, Binance is no longer interested in its application with the Financial Market Authority of Austria, hence, the reason for its latest decision.
Speaking about the development, an exchange’s spokesperson says the decision is in the best interest of all concerned parties. And that includes Binance, its clients, regulators, and the entire crypto industry. The spokesperson says partly:
“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.”
Going by the statement, it might be safe to say that Binance is hoping to avoid any sorts of complications that might make it step on the toes of any regulator. It also strives to fully prepare for the implemen
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