[ad_1]
Binance said that starting July 17, existing Dutch users will only be able to withdraw assets from the Binance platform. No further purchases, trades or deposits will be possible.
Cryptocurrency exchange Binance said on Friday that it was leaving the Dutch market because is was unable to register as a virtual asset service provider with the regulator.
The company said that starting July 17, existing Dutch users will only be able to withdraw assets from the Binance platform. No further purchases, trades or deposits will be possible.
Binance’s Cyprus unit on Wednesday applied to be removed from Cyprus’ register of crypto asset service providers.
You have exhausted your
monthly limit of free stories.
To continue reading,
simply register or sign in
Subscribe to read on
Select your plan
All-Access
Access to premium stories
Digital Only
Access to premium stories
This premium article is free for now.
Register to continue reading this story.
This content is exclusive for our subscribers.
Subscribe to get unlimited access to The Indian Express exclusive and premium stories.
This content is exclusive for our subscribers.
Subscribe now to get unlimited access to The Indian Express exclusive and premium stories.
The Dutch regulator did not immediately respond to Reuters request for comment.
Last week, the U.S. Securities and Exchange Commission (SEC) sued Binance, its founder Changpeng Zhao, and the operator of its purportedly independent U.S. exchange. Binance said it intends to defend itself “vigorously” against the SEC’s charges.
First published on: 16-06-2023 at 15:11 IST
[ad_2]
Source link