June 26 (Cointime) - According to exclusive reporting by Finance Forward, the world's largest cryptocurrency exchange, Binance, has withdrawn its license application from the Austrian financial regulator, FMA. This is another setback for Binance's European expansion, as the exchange has already withdrawn from the Netherlands and faces investigations by regulatory authorities in France and Belgium.

Binance has stated that it remains committed to complying with regulations and may consider a comeback in Europe after the introduction of MiCA regulations at the end of next year.