![]() ![]() Le Monde reported that Binance is suspected of having failed in its obligations related to KYC (user identity verification), which is why it allegedly found itself providing its services to perpetrators of crimes. The Paris prosecutor’s office said that the ongoing investigation involves illegal activities related to investment and concealment operations, but mainly to virtual asset exchanges made by perpetrators that generated profits. The facts relate to before Binance obtained official approval to operate in France as a virtual asset service provider (PSAN), but the charges remain serious. The exchange is allegedly suspected of having had poor anti-money laundering controls in the past, and of illegally providing services related to digital assets linked to acts of aggravated money laundering. In fact, according to rumors from the Paris prosecutor’s office, Binance is reportedly under investigation in France for aggravated money laundering. The problems in Europe for the crypto exchange are not over It is therefore probably just a matter of choice, i.e., abandoning the attempt to obtain registration as a VASP because it might not have been convenient. However, Binance recalls that it is compliant with EU standards on the prevention of money laundering and terrorist financing, and that it has obtained registration in other countries instead (France, Italy, Spain, Poland, Sweden, and Lithuania). It is worth mentioning that the Dutch regulations are currently among the strictest in Europe regarding virtual assets. The problem is that it has not obtained full registration as a Virtual Asset Service Provider (VASP) from the Dutch regulator, although it has tried. So with immediate effect they are no longer accepting new users residing in the Netherlands, and as of 17 July all Dutch users will only be able to withdraw assets from the platform.Įffectively Binance is closing in the Netherlands. It also mentions the MiCA in the tweet, saying that they are focusing on preparing the business to be fully compliant with the new EU regulations. The exchange says it is leaving the Dutch market because it has been unable to register as a VASP with the local regulator. We continue to be committed to working collaboratively with regulators around the world and are additionally focused on getting our business…- Binance June 16, 2023 We regret to announce that Binance is leaving the Dutch market as we have been unable to register as a VASP with the Dutch regulator.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |