FSMA said Binance was providing cryptocurrency trading and custodial wallet services in countries that are not members of the European Economic Area (EEA). The agency ordered Binance to return all Belgian customers’ crypto keys and cryptocurrencies held by Binance, or transfer them to authorized services.
FSMA Says Binance’s Actions May Constitute a Criminal Offence
Binance said it was disappointed to learn that FSMA had come to this decision despite ongoing negotiations, the company is reviewing the details in FSMA’s announcement and will continue to cooperate with regulators in Belgium and around the world to comply with its obligations.
Binance left the Netherlands on June 16 after failing to meet registration requirements to operate as a virtual asset service provider. On June 6, the US Securities and Exchange Commission (SEC) sued Binance, CEO Changpeng Zhao, and Binance.US for “flagrant disregard” of securities laws, including mishandling customer funds and misleading investors and regulators. Meanwhile, French authorities are also investigating Binance for alleged illegal digital asset services and serious money laundering.
In March, Binance suspended deposit and withdrawal services via bank transfers and card payments for customers in the UK after its local banking partner stopped providing support for transactions in British pounds. In May, Binance Australia lost access to some deposit services in Australia and warned of disruptions to bank transfer withdrawals.
Source link
Comment (0)