Cryptocurrency exchange Binance has once again reopened registration and access to its products and services for its Belgian cryptocurrency users – three months after the exchange was ordered to cease cryptocurrency-related services by Belgium’s financial regulator.
Great news for our Belgian community
We are now open for registration and access #binance Products and services from Belgium. https://t.co/IAtiqYMjm
— Binance (@binance) September 25, 2023
On June 23, the Belgian Financial Services and Markets Authority accused Binance of violating Belgium’s anti-money laundering and counter-terrorism financing laws because it allegedly provided cryptocurrency-related services “from non-EEA member states.”
It ordered Binance to “immediately” cease all related services in Belgium and was required to contact all customers located in Belgium and return all cryptocurrencies and private keys held by the exchange.
The ordeal led Binance to move its services to Binance Poland to serve Belgians. z oo — Binance’s branch registered in Poland, registered as a virtual asset service provider in January.
Binance’s statement did not discuss what changes were made to enable it to resume service to Belgian users. Cointelegraph has reached out to Binance and Belgium’s FSMA for comment.
related: Binance CEO refutes reports of $250 million loan to BAM Management
Elsewhere in Europe, Binance has said it plans to delist stablecoins from European markets by June 2024 as a means of complying with the EU’s upcoming Markets in Crypto-Assets (MiCA) legislation, which comes into effect in June 2024.
Meanwhile, in the United States, a mass exodus of Binance.US executives has prompted some industry experts to wonder whether the company is experiencing some internal problems.
However, the company’s CEO Changpeng Zhao has repeatedly refuted these rumors.
Magazine: Binance execs leave, Nasdaq trades AI orders, SBF loses bail appeal: Hodler’s Digest, September 3-9