Dutch central bank says Binance is unregistered
The Dutch Central Bank (DNB) has warned consumers that cryptocurrency exchange Binance provides services in the country without the necessary registration.
According to the regulator, the company is thus violating the requirements of the Anti-Money Laundering and Counter-Terrorist Financing Act. The DNB did not specify whether any claims will be made against the exchange.
Update: In a comment to The Block, a Binance spokesperson said the company was aware of the DNB notice.
"As part of our commitment to redouble our compliance efforts, Binance is in the process of applying for the necessary registration," he said.
Earlier, the UK Financial Services Authority banned Binance Markets Limited from any regulated activity in the country without prior written approval.
The Cayman Islands launched an inspection of the exchange, Thailand and Hong Kong accused the company of operating without a license, Japan issued another warning to the company.
Polish regulators warned consumers about the risks of interacting with the platform, while Italy and Malta warned about Binance's unregulated activities.
At the end of July, the Securities Commission of Malaysia announced enforcement action against the trading platform "for illegally operating a digital asset exchange".
Recall that in August, Binance hired former US Treasury Department criminal investigator Greg Monahan as an anti-money laundering officer.