Binance Exits Netherlands After Failed Registration Attempt
Binance said it couldn’t obtain registration as a virtual asset service provider in the Netherlands.
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Binance Holdings Ltd. said it is leaving the Netherlands after failing to register with the country’s financial authorities, as the world’s largest cryptocurrency exchange faces escalating pressure from regulators across the globe.
“With immediate effect, no new users residing in the Netherlands will be accepted,” Binance said in a statement on Friday. Starting Saturday Binance will only process withdrawals for existing Dutch resident users, it said.