The Dutch Central Bank (DNB) has fined Binance, one of the world’s largest cryptocurrency exchanges, of $3.3 million for continuing to offer services without completing proper registration procedures.
“Money Laundering and Financing of Terrorism” under the law 18 August 2021‘also Binancegiving a general warning to DNB, 18 July Required when opening an account for Dutch citizens, according to the official statement dated not following registration procedures to the leading cryptocurrency exchange 3,235 million euros fined him.
DNB said in its official statement that Binance’s violations fines of the third category that the basic amount of the penalty 2 million euros but Binance’s worldwide one of the largest crypto services providers that and It has many customers registered in the Netherlands arguing the penalty for 3,235 million euros stated that it was removed. Binance’s statement submit a partial registration application and relatively throughout the process. be transparent by DNB extenuating circumstance accepted and punished 5% reduced.
According to the information in the statement, Binance June 2, 2022 fined on objected but one objection no results found.
Dutch Central Bank, cryptocurrency service providers (VASP) “Anti-Money Laundering and Terrorist Financing Act” in accordance with Requires them to register with DNB. In the DNB statements, it is also stated that in the light of these conditions, Binance’s consider the registration process also placed.