- The company continues to leave European markets
- A spokesperson for Binance said it could not share details of negotiations with regulators
The crypto-exchange Binance has stopped the licensing process with the Austrian Financial Market Authority.
A Binance spokesperson commented on this decision:
“Details of our negotiations with regulators cannot be disclosed, but we remain true to our commitments and plan to act on them, regardless of our presence on Binance. We are now actively working to ensure full MiCA compliance in Europe when this regulation comes into force late next year.”
According to the information, the Austrian regulator has pressured the company, but not publicly. The company is believed to have set up Binance Austria GmbH last year in order to obtain a license for its subsidiary.
Binance withdrew its application for a license in Austria, increasing the list of markets it recently left.Earlier this month, the company said it was leaving the Netherlands after it failed to get regulatory approval. Even earlier, the exchange applied for deregistration in Cyprus and deregistered with the UK Financial Services Authority. Also in France, an investigation into possible money laundering. Of the latter, Belgium’s financial regulator has ordered Binance to cease all services in the country.
The Belgian financial regulator has ordered Binance to cease all services in the country.