'The fine was imposed because Binance offered crypto services in the Netherlands without the legally required registration,' said the central bank. cryptocurrency bitcoin
Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing 'Very Serious' Violations
The administrative fine of 3.325 million euros was imposed on the cryptocurrency exchange on April 25, the DNB said, elaborating: The central bank stressed that companies wanting to offer crypto services in the Netherlands must register with it as mandated in the Money Laundering and Terrorist Financing Act. The registration requirement for crypto service providers was introduced in May 2020.
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