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Binance withdraws Germany crypto license request as Europe bites back

It’s a ‘nein’ for Germany and several European countries, as regulation begins to catch up to the controversial crypto exchange.

Binance directs Dutch users to Coinmerce — a Binance broker

Binance has recommended Dutch users switch to Coinmerce, an exchange which has historically acted as a broker for Binance.

As Europe closes in on Binance, the crypto exchange has told Dutch users to offload bags after failing to gain a local license.

Red flags around Advcash include its thinly disguised Russian origins, government links, and its acceptance of anonymous cash deposits.

The wager on decentralized crypto prediction market Polymarket has so far seen more than $11k in trades placed.