Binance ordered by Belgian regulator to suspend crypto services

Binance ordered by Belgian regulator to suspend crypto services



Belgium's Financial Services and Markets Authority (FSMA) has instructed Binance, the world's largest cryptocurrency exchange, to cease all virtual currency services in the country. The FSMA alleges that Binance was offering exchange and custody wallet services involving virtual currencies and legal currencies from countries outside the European economic area (EEA). The regulator's directive mandates Binance to immediately halt such services within Belgium. It emphasizes that individuals and companies governed by Belgian laws, but not belonging to the EEA, are prohibited from engaging in these services. Failure to comply with these regulations may result in criminal penalties, as stated by the FSMA.



The call for stricter regulation comes in the wake of Johan Van Overtveldt, a member of the European Parliament and former finance


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#Altcoin, #Belgium, #Binance, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations

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