📲 Click Here to Join Our WhatsApp Channel
NEWS | Politics | CRIME TALK ZONE | DJ MIX | SPORTS |


Burna Boy
Davido
Wizkid
Naira Marley
Olamide
Tiwa Savage
Rema
Asake
Kizz Daniel
OdumoduBLCK
Shallipopi
Tems
Ayra Starr

« | »

Why Belgium ordered Binance to end services in the state

Published by on June 24th, 2023.


Why Belgium ordered Binance to end services in the state

According to a Friday notice, Belgium’s top markets regulator has ordered embattled crypto exchange Binance to immediately cease serving local customers, FCG reports

FCG learnt that the Financial Services and Markets Authority (FSMA) said Binance is “offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area,” which the regulator says is in violation of a prohibition.

“The FSMA has therefore ordered Binance to cease, with immediate effect, offering or providing any and all such services in Belgium,” the notice said.

FCG gathered that Binance is in the regulatory hot seat as it battles U.S. SEC allegations it violated securities laws and was recently revealed to be the subject of an investigation by French authorities. The exchange has also pulled out of European Economic Area markets like the Netherlands and Cyprus over regulatory issues.

In a statement shared after the publication of this article, a Binance spokesperson said, “We are disappointed to learn that the FSMA has come to this decision despite our ongoing conversations. We are reviewing the details of their notice and will continue to work collaboratively with regulators in Belgium and around the world in compliance with our obligations.”

TRENDING SONGS

Song Prince Thomas Ogungbangbe, PhD, Mourns Former President Muhammadu Buhari Song The Deceptive Charm: Why Some Politicians Embrace a False Humility During Campaigns Song Viral video: SS1 Student Sparks Outrage After Allegedly Acquiring Mercedes-Benz — Father Demands Return, Friends Disagree Song Family Curse: No Woman In My Family Can Keep Husband Alive Past Their 35th Birthday, Lady Reveals Song Video: Man Sitting Behind Tinubu During His Speech At BRICS Meeting Trends Online Song Oga Sabinus-Sabinus is Completed Finished(Comedy Video) Download Song Funny Video: Senate vs a Proud Professor Song JUST IN: See the Numbers of People Road Accident Killed in Lagos

CLICK TO DROP YOUR COMMENT

Share this post with your friends on


0 Responses

Leave a Reply

NOTE:- Make your comment a bit long to get it approved.



Go Back To The Top

« | »


Looking for something? Search below





About First Class Gists


Click Here to Join Our WhatsApp Channel