Binance in Germany: license denied by financial regulator BaFin

In Germany, the most popular crypto-exchange, Binance, failed to obtain a license. Germany’s financial regulator BaFin rejected the application because the regulatory requirements were not met.  Binance in Germany: BaFin rejects the crypto-exchange’s application for license A setback for the web’s most popular crypto-exchange, Binance, in its European expansion, with German financial supervisory authority BaFin denying it a license.  According to reports, it appears that German regulatory requirements are too high for Binance. Therefore, the BaFin decided not to grant the crypto-exchange a crypto custody license.  Apparently, it also appears that Binance does not want to give up. A spokesperson