Binance leaves Austria, continuing European exodus: Finance FWD

Binance has previously discontinued its services in the Netherlands, Cyprus and Canada


cenkgursoylu art studio/Shutterstock modified by Blockworks


The dominoes continue to fall in Binance’s exit from European nations.

On Monday, Finance FWD reported that the crypto exchange withdrew its license application from Austria “some time ago.”

Blockworks reached out to Binance regarding the supposed withdrawal, but the exchange declined to offer any more details.

“We are unable to share details of our conversations with regulators, however we remain committed to acting in compliance with our obligations wherever Binance operates. Our current focus in Europe is on ensuring that we will be in full compliance with the requirements of MiCA when it is implemented at the end of next year,” a statement provided to Blockworks said.

This comes just over a week after Binance called it quits in the Netherlands, telling Blockworks it couldn’t secure a license in the country. Binance’s unit in Cyprus also folded recently.

The regulatory woes of Binance aren’t limited to Europe. Binance and its CEO Changpeng ‘CZ’ Zhao were sued by the SEC in the US earlier this month for allegedly selling unregistered securities and commingling customer funds

Binance denied mishandling its users’ money and called the SEC suit “unjustified.”

Also in North America, Binance closed down its Canadian operations in May. The exchange said the market was “no longer tenable” because of Canadian restrictions on stablecoin use.

Down under, Binance has had plenty of run-ins with Australian regulators as well. In April, the Australian Securities and Investments Commission (ASIC) stripped Binance Australia of its derivatives license. Binance Australia later suspended select Australian dollar deposits for PayID transfers — a frequently-used method for instant bank transfers in Australia.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. What you can expect: And more! Don’t miss out on the opportunity to be in the room when the future of crypto is decided. Join us and help shape the future of our […]

recent research

Research report - cover graphics-2.jpg


Base has doubled-down on its commitment to the Superchain vision, has shown early signs of success with nearly $400M in TVL, and has become home to novel dapps such as which has seen significant traction.


On Thursday, a panel of judges denied Sam Bankman-Fried’s appeal to be released ahead of trial


Eclipse will use Solana’s virtual machine for execution, Ethereum for settlement, Celestia for data availability and Risc Zero for proving


Europe-based crypto ETP specialist looks to offer qualified US investors bitcoin and ether strategies amid “the long-awaited return of interest rate-driven volatility”


Avalanche, Arbitrum, Optimism and Polygon are some notable additions to Google’s data analytics service


ByBit made the announcement a day after the FCA gave crypto companies ‘a final warning’


Billionaire venture capitalist Tim Draper initiates new crypto accelerator despite frosty market environment