Binance reopened its crypto exchange platform in Belgium after the country’s financial regulator ordered it to stop services in June.
Binance has reopened registration and access to its crypto exchange platform in Belgium after the country’s financial regulator ordered it to stop services in June.
Binance tapped its Polish unit to provide the necessary legal compliance to continue serving its customers in Belgium.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Binance, the world’s largest crypto exchange, has reopened registration and access to users in Belgium — three months after the country’s financial regulator ordered it to cease offering services.on X on Monday.
People and firms governed in Belgium and not a member of the European Economic Area cannot offer exchange services between virtual currencies and legal currencies or custody wallet services, the regulator said at the time, adding that failing to comply could mean criminal sanctions. Binance did not dispute the findings. “We are reviewing the details of their notice and will continue to work collaboratively with regulators in Belgium and around the world in compliance with our obligations," a Binance spokesperson said in June.Binance taps Polish unit to continue serving Belgian usersannouncing that Binance Poland sp. z o.o. is now the entity that provides Binance services for Belgian residents.
Belgian users had to accept Binance Poland's Terms of Use and resubmit know-your-customer identity verification as a part of Polish regulatory requirements to keep using the Binance platform., including Monero , MobileCoin , Firo and Horizen in Belgium following the move to serve customers from the country via its Polish unit — which had already delisted the coins.
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