“While we are unable to share details of conversations with regulators, we continue to work to comply with BaFin‘s requirements. As expected, this is a detailed and ongoing process. We are confident that we have the right team and measures in place to continue our discussions with regulators in Germany,” a Binance spokesperson said in an emailed statement to CoinDesk.
Source: https://www.coindesk.com/policy/2023/06/29/binance-crypto-custody-license-application-denied-by-german-regulator-bafin-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines