Binance applies to deregister in Cyprus, says focus is on ‘bigger markets’

Binance seems to be making ready to exit Cyprus. The Cyprus Securities and Alternate Fee has marked Binance Cyprus Restricted as “Below examination for software for deregistration” on its web site.

In October, the cryptocurrency alternate acquired Class 3 registration as a Crypto Asset Providers Supplier (CASP) in Cyprus. At the moment, Binance mentioned the registration was “one other milestone in Binance’s regulatory efforts in Europe” and that it “follows related registrations for Binance’s native entities in France, Italy and Spain.”

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