Cointime

Download App
iOS & Android

Crypto exchange Binance reopens exchange services in Belgium

Crypto exchange Binance has reopened registrations and access to its products and services for its Belgian crypto users again —  three months after the exchange was ordered by Belgium’s finance regulator to cease cryptocurrency-related services.

“New registrations of Belgian residents are welcome on our platform once again,” Binance confirmed in a Sept. 25 post on X (formerly Twitter). Binance said various Binance products and services will become accessible again to Belgian users who have accepted the new Terms of Use.

On June 23, the Belgian Financial Services and Markets Authority accused Binance of violating Belgium’s anti-money laundering and counter-terrorism financing laws for allegedly offering crypto-related services “from countries that are not members of the European Economic Area.”  

It ordered Binance to cease all related services in Belgium “with immediate effect," and was required to contact all its Belgium-based clients and return all crypto and private keys the exchange held.

The ordeal led Binance to divert its services for Belgians through Binance Poland sp. z o.o. — Binance’s Polish-registered arm, which it had registered as a virtual asset service provider in January.

Binance's statement did not discuss what changes were made to allow it to resume services for Belgian users. Cointelegraph has reached out to Binance and Belgium’s FSMA for comment.

Elsewhere in Europe, Binance has signaled plans to delist stablecoins for the European market by June 2024 as a means to comply with the European Union’s incoming Markets in Crypto-Assets (MiCA) legislation, which is set to come into effect in June 2024.

Meanwhile, in the United States, a mass exodus of Binance.US executives has prompted some industry pundits to ponder whether the firm is experiencing some internal issues.

However the firm’s CEO, Changpeng ‘CZ’ Zhao has refuted those rumors on several occasions.

Comments

All Comments

Recommended for you

  • Japanese listed company ANAP Holdings increased its holdings of Bitcoin by 127.73.

    according to market sources, Japanese listed company ANAP Holdings has disclosed an increase in its Bitcoin holdings by 127.73 coins. As of now, the company's total Bitcoin holdings have reached 1,346.58 coins, valued at approximately 118 million USD.

  • Changpeng Zhao: Binance Wallet now supports identifying malicious addresses; you will receive a warning if you transfer funds to them.

    Zhao Changpeng posted on Binance Plaza stating, "The cryptocurrency industry should be able to completely eradicate address poisoning attacks and protect users. All wallets should simply check whether the receiving address is a poisoned address and block the user.This is a blockchain query. Wallets should not even display these junk transactions anywhere. If the value of the transaction is very small, filter it out. Security alliances in the industry should maintain a real-time blacklist of these addresses so that wallets can check before sending transactions. Binance Wallet is already doing this. If a user tries to send to a malicious address, they will receive a warning.

  • Bitcoin spot ETFs saw a total net outflow of $189 million yesterday, marking the fourth consecutive day of net outflows.

     according to SoSoValue data, the total net outflow of Bitcoin spot ETFs is 189 million USD.The Bitcoin spot ETF with the largest single-day net outflow yesterday was Blackrock's ETF IBIT, with a single-day net outflow of 157 million USD. Currently, IBIT's total historical net inflow has reached 62.34 billion USD. The second is Fidelity's ETF FBTC, with a single-day net outflow of 15.2979 million USD. Currently, FBTC's total historical net inflow has reached 12.189 billion USD. As of the time of writing, the total net asset value of Bitcoin spot ETFs is 114.289 billion USD, with the ETF net asset ratio (market value as a proportion of Bitcoin's total market value) reaching 6.53%, and the cumulative historical net inflow has reached 57.076 billion USD.

  • BTC falls below $88,000

     market shows BTC fell below $88,000, currently at $87,997.85, 24-hour decline reaches 0.88%, market volatility is significant, please manage your risk accordingly.

  • The U.S. spot Ethereum ETF saw net inflows of $84.59 million yesterday.

     according to Trader T monitoring, the US spot Ethereum ETF had a net inflow of 84.59 million USD yesterday.

  • ETH breaks $3,000

     the market shows ETH breaking through $3000, currently at $3000.08, with a 24-hour decline of 0.38%. The market is highly volatile, please manage your risk accordingly.

  • Binance Wallet launches "secure auto-signature" service

     according to the official announcement, Binance Wallet has launched the "Secure Auto Sign" (SAS) service: it now supports mnemonic/private key wallets to trade on Binance Wallet (web version).

  • Circle minted 500 million USDC on the Solana network.

    according to Onchain Lens monitoring, Circle has minted 500 million USDC on the Solana network. Since October 11, Circle has issued a total of 18 billion USDC on the Solana network.

  • Sources familiar with the matter: JPMorgan Chase is considering offering cryptocurrency trading services to institutional clients.

    according to Bloomberg, as major global banks deepen their involvement in the cryptocurrency asset class, JPMorgan Chase is considering offering cryptocurrency trading services to its institutional clients. A knowledgeable source revealed that JPMorgan is evaluating what products and services its market division can offer to expand its business in the cryptocurrency field. The source stated that these products and services may include spot and derivatives trading.