- Belgium FSMA bans Binance
- How Binance violated Belgium laws
- FSMA investigation
- FSMA Official Announcement & Warning
Belgium FSMA bans Binance
The Belgian FSMA has ordered Binance to stop offering crypto exchange & custodial wallet services in Belgium.
How Binance violated Belgium laws
In a notice issued on June 23, the FSMA highlighted that Binance's provision of crypto-related services "from jurisdictions outside the European Economic Area" constitutes a violation of Belgian laws related to Anti-Money Laundering and Combating the Financing of Terrorism. As a result, the financial regulator has instructed Binance to immediately cease all relevant services in Belgium.
FSMA Official Announcement & Warning
Binance right now
Will this war against compliance end for Binance? Only time will tell.
Wright, T. (2023) Belgian financial regulator orders Binance to cease all virtual currency services, Cointelegraph. Available at: https://cointelegraph.com/news/belgian-financial-regulator-orders-binance-cease-virtual-currency-services (Accessed: 24 June 2023).
FSMA orders Binance to cease immediately all offers of virtual currency services in Belgium (no date) FSMA. Available at: https://www.fsma.be/en/news/fsma-orders-binance-cease-immediately-all-offers-virtual-currency-services-belgium (Accessed: 24 June 2023).