WEB3
by BSC News
September 26, 2023
Belgium's financial watchdog FSMA had earlier accused Binance of violating its anti-money laundering and counter-terrorism financing laws, leading to the suspension of its services.
Summary
Binance has reopened its doors to Belgian users, marking the end of a tumultuous three-month hiatus. The move comes following a crackdown by Belgium’s financial watchdog, the Financial Services and Markets Authority (FSMA), which ordered Binance to cease all crypto-related services in June.
Binance stated on X, “We've now reopened registrations and access to Binance products and services in Belgium.” The exchange also revealed that various Binance products and services would once more be accessible to Belgian users who accept the updated Terms of Use.
The FSMA had accused Binance of breaching Belgium’s Anti-Money Laundering and Counter-Terrorism Financing laws by providing crypto services from non-European Economic Area countries. As a result, the exchange was compelled to halt its services immediately and return all held crypto and private keys to its Belgian clients. The exchange responded by shifting its services for Belgian residents to its Polish-registered arm, Binance Poland sp. z o.o.
Meanwhile, the departure of several Binance.US executives has sparked speculation about potential internal issues, although CEO Changpeng “CZ” Zhao has repeatedly denied such rumors.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
Related News
Latest News
July 26, 2024
Tokyo's BitFlyer Acquires FTX Japan, Aims For Crypto ETFs
July 26, 2024
Crypto Scams on the Rise: Fake Video Conferencing Apps Target Job Seekers for Crypto
July 26, 2024
JITO Foundation Releases Code for Jito Restaking on Solana
July 26, 2024
BlackRock Sees Low Demand for Other Cryptos Other Than Bitcoin and Ethereum
July 26, 2024
Streamlining Project Deployment in the Blockchain Industry in 2024
July 25, 2024
Yona Network Integrates with Babylon Chain to Bridge Bitcoin and Solana
July 25, 2024
Core Foundation Launches Dual Staking to Enhance Bitcoin Yields
July 25, 2024
Chainlink Join Hands With Wenia to Boost Transparency of Colombian Peso-Backed Stablecoin
More News