The post Binance Faces Setback as German Regulator BaFin Rejects Crypto Custody License Application appeared first on Coinpedia Fintech News
According to sources familiar with the matter, Germany’s financial watchdog has chosen not to grant a custody license to Binance, a cryptocurrency exchange. It is unclear whether this decision was a formal one from the Federal Financial Supervisory Authority (BaFin) or simply an expressed intention during ongoing discussions. A spokesperson for Binance stated that they …
