Binance Netherlands exit — Dutch central bank says registration failings are confidential By Cointelegraph
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The details behind Binance’s failed efforts to register for a virtual asset service provider (VASP) license in the Netherlands remain unclear due to the confidentiality requirements of the Dutch central bank’s supervisory laws.
On June 16, Binance announced it would terminate its services in the Netherlands with immediate effect, having failed to get the all-clear from De Nederlandse Bank (DNB). From July 17, Dutch customers will only be able to withdraw assets from the platform, while trading and deposits were stopped on the date of the announcement.
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The details behind Binance’s failed efforts to register for a virtual asset service provider (VASP) license in the Netherlands remain unclear due to the confidentiality requirements of the Dutch central bank’s supervisory laws.
On June 16, Binance announced it would terminate its services in the Netherlands with immediate effect, having failed to get the all-clear from De Nederlandse Bank (DNB). From July 17, Dutch customers will only be able to withdraw assets from the platform, while trading and deposits were stopped on the date of the announcement.
Continue Reading on Coin Telegraph
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