Binance is solana price prediction 2030being strangled by regulatory agencies in multiple countries.
In the past two years, Binance, the world's largest cryptocurrency exchange, has been continuously sued and accused by regulatory bodies such as the SEC and CFTC in the United States. After being hit, Binance gradually expanded to Europe and applied for relevant licenses to qualify for business expansion.
However, on June 26th, it was reported that Binance was forced to withdraw its application for licensing to the Financial Market Authority of Austria (FMA) due to pressure from regulatory authorities.
The previously imposed ban on anonymous cryptocurrencies also took effect on June 26th, preventing users in countries such as France, Italy, Poland, and Spain from trading 12 anonymous cryptocurrencies, including DASH, XMR, ZEC, DCR, ZEN, and others.
On June 24th, Binance was ordered to halt its cryptocurrency services for users in Belgium by the Financial Services and Markets Authority (FSMA), and to return customers' cryptocurrencies and keys.
As of now, Binance has been forced to withdraw from countries such as the Netherlands, Cyprus, the United Kingdom, and Italy. Its operations in other European countries have also been subject to various restrictions.It can be seen that Binance's development in Europe has not been smooth and it faces significant regulatory pressure.
In response to this situation, a Binance spokesperson stated, "We cannot provide details of discussions with regulatory agencies, but regardless of where we operate, we will continue to act in accordance with our commitments. In Europe, our current focus is on ensuring that we fully comply with the requirements under MICA when they are introduced at the end of next year."
