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Binance Seeks German License to Expand European Operations (1)

May 18, 2022, 11:40 AM

Binance is courting Germany’s financial regulator over a license to operate in the country, a little over a year after it was admonished for offering stock-like tokens without publishing an investor prospectus.

Changpeng ‘CZ’ Zhao, the chief executive of the crypto exchange, said Binance is in discussions with BaFin as part of plans to grow its presence in Germany. BaFin requires any business wishing to offer custody of cryptoassets to acquire a license.

“Our team definitely is talking with regulators here and in all of Europe,” Zhao said in an interview at the Finance Forward fintech conference in Hamburg ...