Crypto exchange Binance announces exit from the Dutch market

2023-6-16 14:30

Key takeaways

Crypto exchange Binance is leaving the Dutch market after failing to register as a VASP in the Netherlands. 

Binance recently applied to deregister its local unit in Cyprus and also exited the Canadian market.

The cryptocurrency exchange is also facing regulatory challenges in the United States.

Binance exits the Dutch market

Binance, the world’s leading cryptocurrency exchange by daily trading volume, announced on Friday, June 16th, that it is exiting the Dutch market.

This latest cryptocurrency news comes as the company failed to register as a Virtual Asset Service Provider (VASP) in the Netherlands. In its blog post, Binance wrote that;

“We regret to announce that Binance is leaving the Dutch market. With immediate effect, no new users residing in the Netherlands will be accepted. Starting from 2023-07-17 at 00:00 UTC (2023-07-17 at 02:00 UTC+2), existing Dutch resident users will only be able to withdraw assets from the Binance platform. No further purchases, trades or deposits will be possible. We encourage users to take appropriate action by withdrawing assets from their Binance accounts.”

The cryptocurrency exchange said although it explored many alternative avenues to service Dutch residents in compliance with Dutch regulations, it hasn’t been successful in obtaining a VASP registration in the Netherlands.

However, Binance said it would continue to work to obtain authorisations to provide its products and services to users in the Netherlands.

Binance’s exodus continues

Binance has been under pressure in recent weeks and has exited some markets during that period. The cryptocurrency exchange exited the Canadian market last month, citing the new guidelines that make the Canadian market no longer tenable for its operations.

The company also filed to deregister its local unit in Cyprus earlier this week. All these come at a time when Binance is facing regulatory pressure from the United States. 

The United States Securities and Exchange Commission (SEC) sued Binance earlier this month for allegedly breaking securities laws. The securities regulator has also filed for a temporary restraining order to freeze Binance.US’s assets.

The post Crypto exchange Binance announces exit from the Dutch market appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market binance dutch exchange crypto deregister applied

Источник: coinjournal.net

market binance → Результатов: 126


Binance Coin (BNB) & Litecoin (LTC) Rally into DeeStream (DST) Presale Amidst Market Buzz as Holders Eyeing Up 30X Gains

In this article, we delve into the markets of Binance Coin (BNB) and Litecoin (LTC) examining the behavior of their investors amidst shifting market dynamics. We investigate the factors influencing investors’ movements, particularly their increasing interest in the presale of DeeStream (DST), an innovative decentralized streaming platform.

2024-3-2 23:30


Фото:

Market buy on thin Binance order book costs inexperienced trader $400,000

An anonymous user reportedly lost $400,000 paying over 17,000 times the market price of a token by pressing “Market Buy” on Binance. First revealed in a Reddit post on May 9th, the news left many speculating on whether or not the alleged loss actually happened, and if it did, how did an exchange as large […] The post Market buy on thin Binance order book costs inexperienced trader $400,000 appeared first on CryptoSlate.

2019-5-11 00:38


Binance and Malta Stock Exchange Announce Partnership to Build Security Token Exchange

MSX PLC, the Malta Stock Exchange’s crypto-focused branch, has signed a Memorandum of Understanding (MoU) with Binance to build a security token exchange, as revealed by MaltaToday. A New Age For Crypto The platform is looking to take advantage of the Malta Stock Exchange’s long-term experience in the trading market while combining with Binance’s worldwide… The post Binance and Malta Stock Exchange Announce Partnership to Build Security Token Exchange appeared first on UNHASHED.

2018-9-12 04:33


Фото:

The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks

Leading cryptocurrency exchange Binance has announced the launch of its new market intelligence app in beta. The mobile tracker is available for Android and iOS. Also in The Daily, an IT company offers a platform to build a crypto exchange in just two weeks, Shariah compliant trading platform promises to bring Muslim crypto enthusiasts into […] The post The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks appeared first on Bitcoin News.

2018-8-20 14:09


Фото:

Binance Unveils Decentralized Exchange Amid Doubts Over Ethos

Major cryptocurrency exchange Binance has revealed a “rough, pre-alpha” demo version of DEX, its own decentralized exchange which could ultimately take over from its current platform. ‘A Big Step’ Introducing a video walkthrough of the exchange, CEO Changpeng Zhao said developers were “very aggressively” on getting a usable product to market.

2018-8-9 18:00


Binance Cryptocurrency Exchange Announces Trust Wallet Acquisition

Cryptocurrency exchange behemoth Binance has announced the acquisition of Trust Wallet, a mobile cryptocurrency wallet company. This acquisition is the first ever by the popular cryptocurrency exchange service, signaling a statement of intent in the company’s quest to stake a more significant claim in the evolving cryptocurrency market.

2018-7-31 22:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Taking a closer look at BNB's stable performance in a rocky week

BNB saw less decline in the last seven days. BNB remained below zero in funding rate. Assets within the top five of the crypto market capitalization experienced declines over the past seven The post Taking a closer look at BNB's stable performance in a rocky week appeared first on AMBCrypto.

BNB Chain DEX volume surges - Examining what it means for BNB's price

The increase showed that attention was shifting back to the chain. BNB's price might fall to $580 despite the rise in TVL. For the first time since the 2nd of May, BNB Chain's DEX trading voThe post BNB Chain DEX volume surges - Examining what it means for BNB's price appeared first on AMBCrypto.

Inside Binance and DWF's alleged market manipulation saga - What's going on?

DWF reportedly made over $300 million from market manipulation at Binance Binance allegedly fired an employee who flagged DWF's shady tactics  One of the largest crypto-market makers, DWF, The post Inside Binance and DWF's alleged market manipulation saga - What's going on? appeared first on AMBCrypto.

BNB wishes to cross $600, but why the altcoin can drop to $550 instead

A bullish invalidation could cause BNB to drop to $561. Funding Rate and sentiment were negative, suggesting a bearish bias. Binance [BNB] might attempt to break out according to the 4-hour The post BNB wishes to cross $600, but why the altcoin can drop to $550 instead appeared first on AMBCrypto.

Нигерийская криптобиржа Patricia опровергла слухи о самоликвидации

Генеральный директор нигерийской криптовалютной платформы Patricia заявил, что циркулирующие в медиа слухи о скором закрытии биржи на фоне репрессий государственных органов не соответствуют действительности.

Is Binance founder CZ's sentence the boost BNB needed all along?

BNB tumbled over 6% in the 24-hour period owing to broader market bloodbath. The positive commentary around the coin increased dramatically in the last 24–48 hours. Binance Coin [BNB] suffThe post Is Binance founder CZ's sentence the boost BNB needed all along? appeared first on AMBCrypto.

Binance: After CZ's arrest, these execs prompt global 'manhunt'

Nigerian authorities are pursuing Binance executives for currency devaluation. Contrasting legal outcomes raised questions about fairness in treatment. Just as Binance's [BNB] founder made hThe post Binance: After CZ's arrest, these execs prompt global 'manhunt' appeared first on AMBCrypto.