Just-In: Binance’s CZ Calls “No Beef” With Dutch Central Bank Amid Exit

Binance News: The world’s largest crypto exchange, Binance recently announced its exit from the Dutch market due to its inability to register as a VASP with the regulatory authorities. Reports suggest that the crypto exchange might have been forced to move out. However, Binance’s chief issued a statement addressing the concern.

As per reports, De Nederlandsche Bank (DNB), the central bank of the Netherlands fined Binance $3.3 million for operating without registration. The authority now decided not to grant the biggest crypto exchange with a VASP license to operate.

It is important to note that there are several exchanges that continue to operate in the Netherlands without registration. As of now, US’s biggest exchange, Coinbase Global Inc (NASDAQ: COIN) managed to gain a VASP license in the country. Meanwhile, Binance decides to withdraw from the market. It is being speculated that the Dutch Central Bank might have threatened the exchange to face a heftier fine than before.

(THIS IS A DEVELOPING STORY)

The post Just-In: Binance’s CZ Calls “No Beef” With Dutch Central Bank Amid Exit appeared first on CoinGape.