The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license. The trading platform made it clear it’s
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Binance withdraws crypto license application in Germany
The crypto exchange’s move to withdraw its license in Germany comes amid reports that the exchange faced rejection from regulators.
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Binance Reportedly Denied Crypto License in Germany
Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report. A rejection would prevent the exchange from advertising
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German regulator reportedly rejects Binance’s crypto custody license request
Binance’s regulatory trouble continues to mount as the exchange faces pushback in Europe and the United States.
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Deutsche Bank Applies for License to Offer Crypto Custody Service
Deutsche Bank, the largest bank in Germany, is seeking regulatory approval to offer custody services for digital assets, including cryptocurrencies. A Deutsche Bank executive explained
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Deutsche Bank reportedly applies for digital asset custody license from BaFin
Germany’s banking industry is slowly warming up to the crypto sector, with multiple partnerships and crypto services launching in 2023 after a long, cautious approach.
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