The Belgian regulator has requested that the world’s largest cryptocurrency exchange, Binance, immediately cease its nationwide operations.
Binance, which has been trying to comply with the regulatory framework across Europe recently, received an unexpected warning from Bekchika. Belgian Financial Services and Markets Authority (FSMA) all cryptocurrency services across the country ordered him to stop immediately. FSMA, Person who is not a member of the European Economic Area And companies For users throughout Belgium cannot offer cryptocurrencies stated.
In the statement made by the regulatory agency, the following statements were made regarding the details of the decision:
It offers cryptocurrency services throughout Belgium, which is not a member of the European Economic Area. These transactions are illegal as per the guidelines and Binance is required to immediately shut down cryptocurrency services nationwide.
The FSMA is a nationwide organization that demonstrates similar activities. 27 institutions and that they 19 of them European Economic Zone outside He stressed that he was registered.
Speaking on the subject, a Binance spokesperson stated that they were disappointed with this decision:
We are disappointed to learn that the FSMA has reached this decision despite our continued discussion. We are reviewing the details of their statement and will continue to work in collaboration with regulators in Belgium and around the world in accordance with our obligations.
With the approval of MiCA in Europe region-wide regulatory compliance Binance, which has accelerated its work for from the Netherlands for not obtaining a license and from south cyprus announced that it had withdrawn in order to focus on meeting the requirements of the European Union’s MiCA legislation.
On the other hand, Binance’s UK unit announced that Binance Markets Limited (BML) was deregistered upon request.