Crypto exchange Binance has just announced it has made the decision to withdraw its license application from the Austrian Financial Market Authority (FMA), FinanceFWD has reported citing sources.
The platform has previously decided to withdraw its license applications in the Netherlands, Cyprus and the UK.
The company has explained:
"Our current focus in Europe is on ensuring that we will be in full compliance with the requirements of MiCA."
According to FinanceFWD, the FMA has put pressure on the local subsidiary Binance Austria.
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The company has licenses in several European countries, including France, Italy, Spain, Poland, Sweden and Lithuania.
Yesterday, it was reported that the Belgian Financial Markets and Services Authority has ordered Binance to stop providing services related to digital assets in the country immediately.
Last June 5, the SEC sued the platform and its CEO, Changpeng Zhao. The regulator filed 13 charges, including the sale of unregistered securities.