Binance's Cyprus Unit Under Examination for Deregistration as Crypto Service Provider

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Binance's Cyprus Unit Under Examination for Deregistration as Crypto Service Provider
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.Binance's Cyprus unit may be deregistered as a crypto service provider, the website of the country's securities regulator shows. By JamieCrawleyCD

Cryptocurrency exchange Binance's Cyprus unit may be deregistered as a crypto service provider, according to the country's securities regulator's website.says the exchange is"under examination for application for deregistration."

The website does not give a reason for the change. Binance did not immediately respond to CoinDesk's request for comment on the matter. Binance won registration as a crypto asset service provider in October last year, permitting it to offer spot, custody, staking and card services in Cyprus.

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