Damn! Binance Withdraws License In Austria!

<p>&nbsp;"Every day there is a new action by Binance that surprises, so what?"</p><p><br /></p><p>Binance subsidiary Binance Austria GmbH has withdrawn its license application from the Austrian financial regulator FMA as the regulator gets increasingly aggressive against the cryptocurrency market.</p><p><br /></p><p>Following a series of challenges due to a lawsuit by the Securities and Exchange Commission (SEC), Binance also removed its license applications in several European countries and now only has licenses in France, Italy, Spain, Poland, Sweden and Lithuania.</p><p><br /></p><p>Although Binance declined to disclose further details regarding its discussions with regulators, its team will make every effort to comply with all the necessary compliances required to operate in a country.</p><p><br /></p><p><br /></p><p>Recently, Binance withdrew the registration of virtual asset service providers (VASPs) in the United Kingdom (UK), the Netherlands, Belgium and Cyprus while at the same time working to comply with the MiCA regulations that are expected to be released next year.</p><p><br /></p><p>Binance will reportedly provide a passport to operate legally across the European Union (EU) and also issue its license in Germany after top executives Michael Wild in Germany and Raphael Zakarias in Austria left the exchange.</p><p><br /></p><p>According to Binance Chief Executive Officer (CEO) Changpeng Zhao (CZ), his team is currently in the process of expanding its services in the United Arab Emirates (UAE) following its clear crypto regulations.</p><p><br /></p><p>As of this writing, the price of Binance Coin (BNB) has jumped by 0.99% to $238 in the last 24 hours with a market cap of $37 billion but is still down 2.06% over the last week.</p>