Binance Netherlands exit — Dutch central financial institution says registration failings are confidential

The main points behind Binance’s failed efforts to register for a digital asset service supplier (VASP) license within the Netherlands stay unclear because of the confidentiality necessities of the Dutch central financial institution’s supervisory legal guidelines.

On June 16, Binance introduced it will terminate its companies within the Netherlands with rapid impact, having didn’t get the all-clear from De Nederlandse Financial institution (DNB). From July 17, Dutch clients will solely have the ability to withdraw belongings from the platform, whereas buying and selling and deposits have been stopped on the date of the announcement.

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