Multiple media reports say that Binance, the world's largest cryptocurrency exchange, is likely to ‌lose its operating license in the European Union (EU).
Binance currently operates across Europe. But under new rules, crypto exchanges need to apply for a new license by the end of June this year to continue serving European clients.
Binance's application to continue operating in Europe, which has been made to Greece's market regulator, is set to be rejected, according to media reports.
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