Noose Tightens Around Binance In Europe As Paysafe Cuts Euro Transfers, German Regulator Denies Custody License

Summary: Germany’s top watchdog BaFin turned down an application for a custody license from Binance, FinanceFWD reported. Paysafe also announced its decision to end support for Euro transactions by September this year. This comes as the exchange suffers blow after blow in European markets including being de-banked in Australia and pulling its registration application in the UK. The company is also facing stiff regulatory action in the U.S. following lawsuits from the SEC alleging securities violations. Binance continues to face