{"id":8219,"date":"2021-08-18T16:35:09","date_gmt":"2021-08-18T15:35:09","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=8219"},"modified":"2021-08-18T16:35:25","modified_gmt":"2021-08-18T15:35:25","slug":"binance-is-operating-without-a-license-in-the-netherlands","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-is-operating-without-a-license-in-the-netherlands\/","title":{"rendered":"Binance is operating without a license in the Netherlands"},"content":{"rendered":"\n
Apparently, the days of regulatory woes for Binance<\/a> are not over, although there was a little pause, the Dutch central bank has come out to say that the exchange is working without a registered license in the country.<\/h5>\n\n\n\n
\"Binance<\/figure>\n\n\n\n

According to the Dutch central bank, De Nederlandsche Bank (DNB)\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, Binance is operating in the Netherlands without the necessary authorization.<\/p>\n\n\n\n

Binance is providing crypto services in the Netherlands without the necessary legal registration, according to a warning given by the bank today.<\/p>\n\n\n\n

According to the statement, the cryptocurrency exchange is in violation of Dutch anti-money laundering and anti-terrorism financing legislation.<\/p>\n\n\n\n

The bank stated, “This may enhance the danger of consumers becoming implicated in money laundering or terrorism funding.”<\/p>\n\n\n\n

This isn't the first time Binance has been cautioned or sanctioned for operating without a license by a central bank <\/a>or financial services authority.<\/p>\n\n\n\n

Despite being put on an Investor Alert List in July 2020, Malaysian regulators have started enforcement action against the crypto exchange, alleging that it was operating illegally in the country.<\/p>\n\n\n\n

Binance does not yet have a license in Singapore, according to a representative for the Monetary Authority of Singapore, but it is in the process of asking for one, adding to the uncertainty.<\/p>\n\n\n\n

A “substantial number” of businesses<\/a>, including Binance, have had their applications rejected, according to the same representative.<\/p>\n\n\n\n

Regulators in the United Kingdom, Italy, the Cayman Islands, Malaysia, and Japan have all taken similar actions against the cryptocurrency industry's top exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apparently, the days of regulatory woes for Binance are not over, although there was a little pause, the Dutch central bank has come out to say that the exchange is working without a registered license in the country. According to the Dutch central bank, De Nederlandsche Bank (DNB) , Binance is operating in the Netherlands […]<\/p>\n","protected":false},"author":12,"featured_media":8223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,944,2134,884],"class_list":["post-8219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-license","tag-netherlands","tag-regulations"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Binance-is-operating-without-a-license-in-the-Netherlands-scaled.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=8219"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8223"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=8219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=8219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=8219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}