2023-06-27 11:04:16
Binance leaves Austria, European withdrawal continues. The crypto exchange has already terminated its services in the Netherlands, Cyprus and Canada. Binance is withdrawing from European countries one by one. On Monday, Finance FWD reported that the crypto exchange had withdrawn its application for a license in Austria. Blockworks reached out to Binance regarding the alleged withdrawal, but the exchange declined to provide further details. “We are unable to share the details of our discussions with regulatory authorities, however we remain committed to complying with our obligations wherever Binance operates. In Europe, we are currently focused on being fully compliant with MiCA when it is introduced at the end of next year,” the crypto exchange said in a statement. This comes just over a week following Binance announced it was leaving the Netherlands. The service provider said at the time that it was unable to obtain a license in the country. Binance’s Cypriot unit has also recently faltered. Binance’s regulatory woes aren’t limited to Europe. The company and its CEO, Changpeng “CZ” Zhao, were sued by the SEC in the United States earlier this month for allegedly selling unregistered securities and commingling customer funds. Binance has denied mishandling users’ money and called the SEC’s lawsuit “unwarranted.” In North America, Binance shut down its Canadian operations in May. The exchange said the market was “no longer sustainable” due to Canadian restrictions on the use of stablecoins. Binance has also run into trouble with Australian regulators. In April, the Australian Securities and Investments Commission (ASIC) stripped Binance Australia of its derivatives license. Binance Australia later suspended payments in Australian dollars for PayID transfers, a method of instant bank transfers commonly used in Australia.
1687866597
#Binance #leaving #Austria
