Binance, the world's largest crypto exchange, is expected to lose its license to serve EU clients as early as next month. Reuters reports that the company's licensing application is likely to be rejected by regulators.
Binance, the world's largest cryptocurrency exchange by trading volume, faces a significant regulatory setback in Europe. According to a Reuters report cited by Israeli news outlet N12, the company's application for an EU-wide license is expected to be rejected, meaning Binance will lose its authorization to service EU-based clients starting next month. The report does not specify which national regulator is handling the application or the exact grounds for the expected rejection, but Binance has faced a series of regulatory challenges across multiple jurisdictions in recent years, including in the UK, Japan, and the US. The loss of the EU license would be one of the most consequential blows to the exchange's European operations, potentially forcing it to exit one of the world's largest single markets or restructure its local entities. No official statement from Binance or EU regulators has been published as of this report.
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