Binance Withdraws Austrian License Application


Bitcoin exchange Binance has decided to withdraw its license application from the Austrian Financial Market Authority (FMA). FinanceFWD writes about this with reference to informed sources.

Previously, the company made a similar decision regarding applications sent to the authorities of the Netherlands, Cyprus and the UK.

In an interview with The Block, representatives of the platform did not confirm or deny the information.

“Our current focus in Europe is on ensuring full compliance MiCA“, – explained in the organization.

According to FinanceFWD, the FMA put pressure on the local subsidiary of Binance Austria.

The company has licenses in several European countries, including France, Italy, Spain, Poland, Sweden and Lithuania.

In June, the media reported on the initiation of an investigation by the Paris prosecutor’s office on suspicion of a money laundering platform.

Later, it became known about the requirement of the Financial Services and Markets Authority of Belgium to Binance to immediately stop providing services related to digital assets in the country.

Remember June 5th SEC sued the exchange and its CEO, Changpeng Zhao. The regulator brought 13 charges, including the sale of unregistered securities.

The other day, the company’s regional manager Alex Cheheid said that Binance considers the UAE as a “key point” for its business.

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