BRUSSELS : Belgium's FSMA regulator on Friday ordered Binance to cease offering any virtual currency services in the country, adding to pressure on the world's biggest cryptocurrency exchange.Binance, which was founded by Changpeng Zhao in Shanghai in 2017, has grown to dominate the crypto industry but al
BRUSSELS : Belgium's FSMA regulator on Friday ordered Binance to cease offering any virtual currency services in the country, adding to pressure on the world's biggest cryptocurrency exchange.
Binance, which was founded by Changpeng Zhao in Shanghai in 2017, has grown to dominate the crypto industry but also faces scrutiny from regulators keen to clamp down on money-laundering."Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area," the FSMA said.
"The FSMA has therefore ordered Binance to cease, with immediate effect, offering or providing any and all such services in Belgium," it added in a statement. Earlier this month, Binance and Binance.US entered an agreement with the U.S. Securities and Exchange Commission to ensure U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the SEC is resolved.
France is also probing Binance, which has decided to quit the Dutch market because it had been unable to meet registration requirements to operate as a virtual asset service provider.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU's industry chief defends data rules criticised by Big TechBRUSSELS : European Union industry chief Thierry Breton on Thursday defended draft rules aimed at preventing non-EU governments from gaining illegal access to EU data, saying they were not protectionist.The draft Data Act, which Breton proposed early last year, is in the final stage of negotiations betwee
Read more »
Amazon's iRobot deal faces EU antitrust investigation, report saysBRUSSELS: Amazon's US$1.7 billion acquisition of robot vacuum cleaner maker iRobot faces a full-scale EU antitrust investigation, people familiar with the matter said, weeks after the US online retail giant won UK approval for the deal. Amazon announced the takeover in August last year to expand its portfo
Read more »
Amazon's iRobot deal faces EU antitrust investigation, sources sayBRUSSELS :Amazon's $1.7 billion acquisition of robot vacuum cleaner maker iRobot faces a full-scale EU antitrust investigation, people familiar with the matter said, weeks after the U.S. online retail giant won UK approval for the deal.Amazon announced the takeover in August last year to expand its portfolio
Read more »
India drop Pujara for Windies tour, Jaiswal and Gaikwad get test call-upsIndia have dropped top order batter Cheteshwar Pujara for the upcoming two-test tour of West Indies in July while Ruturaj Gaikwad and Yashasvi Jaiswal made the cut after stellar campaigns in the Indian Premier League (IPL).Pujara, a veteran of over 100 tests, was dropped following a poor run of form after
Read more »
Boy, 17, charged with instigating girl, then 16, to bury body of baby in yard in 2021A 17-year-old student of a popular school in Singapore has been charged with helping a teenage girl to bury the body of a child, and has also been handed a separate charge of sexual penetration of a minor. There is a gag order on the identities of the parties...
Read more »
Seven giant airlines you’ve probably never heard ofAs a little-known carrier (outside of India at least) makes the biggest single aircraft order in history, we profile seven airlines with vast fleets but little presence in the consciousness of British travellers.
Read more »