Largest crypto exchange (binance )withdraws license in Germany
HELLO HIVE
After going back and forth for a while now binance has decided it's best it withdraws it's crypto license application in Germany which implies that crypto exchange,trade or deposits will be put on hold for the time being until this matter is sorted out and I believe this wouldn't take long .
The operation of binance in countries with strict operation is gradually dwindling and this is getting rather alarming in countries in the EU as binance continues to negotiate terms with the European Union and other world power so they will reduce their strict rules and allow Swift crypto activities but we still have to understand things from this countries side cause their economy could be at risk if they don't find a way to control it's activities.
Right now binance has already shut down it's operation in the Netherlands for a while no trades , exchange and deposit of crypto using binance in the country for a while now and citizens who are into crypto and make use of binance are waiting for any compromise between binance and their country so trading with binance can resume full activities.
While it's activities is reducing on a daily basis in some European countries the world's largest crypto exchange is experiencing something different in Asia countries ,outside European and Asia countries like Canada and Australia have experienced binance exits in their country.
The world have to come together and decide how the activities of crypto exchange companies should be like .
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