Binance Faces Rejection in the West Amid Crypto Giants’ Shift

Just a few minutes ago, Binance, the world’s largest crypto exchange by volume, received another rejection according to an announcement. This is not the first negative response this crypto giant has received from the West. As trillion-dollar companies in the US and Europe begin to slide into the crypto field, they are starting to take a harder stance against the Binance exchange. Application Denied by Binance As recently announced by Finance Forward, Germany’s financial watchdog has decided not to grant a custody license to crypto exchange Binance. The source-based news is uncertain whether this is an official decision by the Federal Financial Supervisory Authority (BaFin) or just an expressed intention in ongoing discussions. A Binance spokesperson said the following: “While we cannot share the details of our discussions with regulators, we continue to work to comply with BaFin’s requirements. As expected, this is a detailed and ongoing process. We are […] The post Binance Faces Rejection in the West Amid Crypto Giants’ Shift appeared first on COINTURK NEWS.