Binance leaves Austria, continuing European exodus: Finance FWD

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

article-image

cenkgursoylu art studio/Shutterstock modified by Blockworks

share

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.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /