Bitcoin
$37,992.99+0.28%
Ethereum
$2,086.42+2.46%
Binance Coin
$228.35+1.23%
XRP
$0.61082271+0.51%
Solana
$60.75+1.19%
Cardano
$0.38037577-0.14%
Dogecoin
$0.08335323+2.42%
Tron
$0.11325919+4.74%
Toncoin
$2.39-2.11%
Chainlink
$14.57+0.21%
Avalanche
$21.99+3.49%
Polygon
$0.76806541+1.12%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Policy

Netherlands' Central Bank Issues Binance Warning

The Dutch central bank joined the ranks of regulators issuing warnings about the crypto exchange's activities.

By Jamie Crawley
AccessTimeIconAug 18, 2021 at 2:06 p.m. UTC
Updated Sep 14, 2021 at 1:41 p.m. UTC
dnb,

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Dutch central bank joined the ranks of regulators issuing warnings about crypto exchange Binance operating without permission.

  • "Binance is providing crypto services in the Netherlands without the required legal registration," De Nederlandsche Bank (DNB) said Wednesday.
  • Binance is not in compliance with the country's anti-money laundering and anti-terror financing act, and is offering custodian wallets and services illegally, the DNB said.
  • The warning pertains to Binance Holdings Ltd. as well as other Binance entities that offer crypto services in the Netherlands.
  • DNB's announcement follows similar warnings from financial overseers in a number of jurisdictions in recent months, including the Hong Kong, Japan, Malaysia and the U.K.
  • A Binance spokesperson said in an email to CoinDesk that the firm was “in the process of submitting an application for the required registration” and “will be working constructively with DNB.”

UPDATE (August 19, 00:25): Adds comment from Binance.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.