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BNB
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$715.85 -1.428
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$219.86 -1.98031
Solana price
XRP
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$2.41 -0.95657
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$0.0000275 -2.86851
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$0.0000234 -5.51899
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$2.86 -2.49856
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$1.09 -9.39402
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Bitcoin
Bitcoin (BTC)
$101,374.00 0.09434
Bitcoin price
Ethereum
Ethereum (ETH)
$3,873.50 -0.7283
Ethereum price
BNB
BNB (BNB)
$715.85 -1.428
BNB price
Solana
Solana (SOL)
$219.86 -1.98031
Solana price
XRP
XRP (XRP)
$2.41 -0.95657
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000275 -2.86851
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000234 -5.51899
Pepe price
Bonk
Bonk (BONK)
$0.0000366 -4.5679
Bonk price
dogwifhat
dogwifhat (WIF)
$2.86 -2.49856
dogwifhat price
Popcat
Popcat (POPCAT)
$1.09 -9.39402
Popcat price
Bitcoin
Bitcoin (BTC)
$101,374.00 0.09434
Bitcoin price
Ethereum
Ethereum (ETH)
$3,873.50 -0.7283
Ethereum price
BNB
BNB (BNB)
$715.85 -1.428
BNB price
Solana
Solana (SOL)
$219.86 -1.98031
Solana price
XRP
XRP (XRP)
$2.41 -0.95657
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000275 -2.86851
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000234 -5.51899
Pepe price
Bonk
Bonk (BONK)
$0.0000366 -4.5679
Bonk price
dogwifhat
dogwifhat (WIF)
$2.86 -2.49856
dogwifhat price
Popcat
Popcat (POPCAT)
$1.09 -9.39402
Popcat price
Bitcoin
Bitcoin (BTC)
$101,374.00 0.09434
Bitcoin price
Ethereum
Ethereum (ETH)
$3,873.50 -0.7283
Ethereum price
BNB
BNB (BNB)
$715.85 -1.428
BNB price
Solana
Solana (SOL)
$219.86 -1.98031
Solana price
XRP
XRP (XRP)
$2.41 -0.95657
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000275 -2.86851
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000234 -5.51899
Pepe price
Bonk
Bonk (BONK)
$0.0000366 -4.5679
Bonk price
dogwifhat
dogwifhat (WIF)
$2.86 -2.49856
dogwifhat price
Popcat
Popcat (POPCAT)
$1.09 -9.39402
Popcat price

BaFin rejects Binance’s crypto custody license application

bafin-rejects-binances-crypto-custody-license-application
Edited by
News
BaFin rejects Binance’s crypto custody license application

According to a report, the German financial regulator BaFin rejected Binance’s application for a cryptocurrency custody license.

Finance Forward, a news outlet, reported that Germany’s financial authority has chosen not to grant Binance a custody license for cryptocurrencies, citing sources familiar with the situation.

The source did not clarify whether the refusal was an official decision made by the German Federal Financial Supervisory Authority (BaFin) or if it was conveyed during ongoing discussions.

A spokesperson for Binance stated that while they could not disclose specific details of their interactions with authorities, they are trying to comply with the conditions set by BaFin. As anticipated, this process is complex and continuous. 

BaFin has declined to comment on specific firms due to the strict requirements for maintaining professional confidentiality in Germany. According to a report published by Finance Forward on June 26, Binance has withdrawn its application for regulatory permission in Austria.

The company has also terminated its registration with the securities commission in Cyprus and decided to exit the Netherlands following an unsuccessful registration attempt. Concurrently, Binance has had to suspend operations in Belgium while facing allegations from the U.S. securities authority for operating an unlicensed trading platform.

In preparation for implementing a new crypto law by the European Union, Binance has announced its intention to simplify its European strategy. This law will enable crypto enterprises to operate within a single market as long as they obtain regulatory clearance in one of the member nations.