Binance Belgium Registration Now Active Again After Suspension
Cryptocurrency exchange giant Binance has announced the reopening of registration and access for users in Belgium, following a prior suspension of services ordered by the Financial Services and Markets Authority (FSMA) in June. This move came after Binance established a Polish entity in late August, designed to cater to clients in Belgium, in compliance with regulatory requirements. The new entity enables Binance to fulfill its regulatory obligations and continue offering services to Belgian users.
Binance, founded by Changpeng Zhao in 2017, is renowned as the world’s largest cryptocurrency exchange. However, its rapid growth has brought it under the scrutiny of regulators worldwide, particularly concerning concerns related to money laundering. Additionally, Binance has voiced apprehensions about the potential delisting of stablecoins in Europe, in response to the upcoming implementation of the Markets in Crypto-Assets (MiCA) regulation by the European Union. In a statement, Changpeng Zhao emphasized Binance’s commitment to regulatory compliance and its active collaboration with stablecoin issuers to ensure alignment with MiCA requirements.Binance navigates evolving regulations and continues its expansion, it remains a central player in the cryptocurrency industry.
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