Binance applies to deregister in Cyprus, says focus is on ‘larger markets’ By Cointelegraph

Binance appears to be preparing to exit Cyprus. The Cyprus Securities and Exchange Commission has marked Binance Cyprus Limited as “Under examination for application for deregistration” on its website.

In October, the cryptocurrency exchange received Class 3 registration as a Crypto Asset Services Provider (CASP) in Cyprus. At that time, Binance said the registration was “another milestone in Binance’s regulatory efforts in Europe” and that it “follows similar registrations for Binance’s local entities in France, Italy and Spain.”