FinanceFWD previously said BaFin indicated plans to reject Binance’s application for a custody license but the decision was unclear. The crypto exchange also applied to rest its operations in Cyprus and the United Kingdom. The company closed its shop in the Netherlands after Dutch regulators denied the company a digital asset services license. Changpeng Zhao’s company is under multiple probes in the United States from regulators like the CFTC, DOJ, and SEC. Binance officially withdrew its application with the German
