Binance exits the Dutch market after failing to secure a regulatory license.
Dutch users urged to withdraw assets as Binance departs the Netherlands
Binance, the world’s largest cryptocurrency exchange, is withdrawing from the Netherlands following its unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license would have certified it’s compliance with anti-money laundering (AML) guidelines.
Starting from July 17, 2023, Dutch residents will only be able to withdraw their funds from the platform. There will be no further trading, deposits, or purchases permitted.
We regret to announce that Binance is leaving the Dutch market as we have been unable to register as a VASP with the Dutch regulator.
We continue to be committed to working collaboratively with regulators around the world and are additionally focused on getting our business…
— Binance (@binance) June 16, 2023
Europe has generally embraced cryptocurrency excha
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