Binance ordered to stop all digital currency services in Belgium

Published on: Friday 23 June 2023

Belgium's FSMA regulator on Friday ordered Binance to cease offering any virtual currency services in the country, adding to pressure on the world's biggest cryptocurrency exchange. Binance, which was founded by Changpeng Zhao in Shanghai in 2017, has grown to dominate the crypto industry but also faces scrutiny from regulators keen to clamp down on money-laundering. "Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area," the FSMA said.

News source: https://finance.yahoo.com/news/binance-ordered-stop-digital-currency-174954449.html

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Binance ordered to stop all digital currency services in Belgium