Binance, a global cryptocurrency exchange, has made a strategic comeback in Belgium after facing a halt in its services due to regulatory tensions. The company is now channeling its services for Belgian clientele through Binance Poland sp. z o.o., which is registered as a virtual assets service provider (VASP) in Poland. Belgian users will need to comply with the terms defined by Binance Poland, which may include submitting specific KYC documents.Binance’s operations in Belgium previously came under scrutiny from the country’s Financial Services and Markets Authority, which issued an immediate halt on all Binance operations within Belgium. The exchange has also withdrawn its presence from countries such as Germany, the Netherlands and Cyprus.In light of these challenges, Binance’s strategy leans towards compliance and realignment. It remains steadfast in pivotal European markets, notably operating in countries like Italy, Spain, Poland, Sweden, Lithuania and France, with a significant hub in Paris being registered with the French Autorité de Marché Financiers. The upcoming EU Markets in Crypto-Assets regulations, anticipated to roll out by January 2025, will offer clearer directives for digital assets.

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Information	Details
Geography	Europe
Countries	🇧🇪 🇵🇱 🇩🇪 🇳🇱 🇨🇾 🇮🇹 🇪🇸 🇸🇪 🇱🇹 🇫🇷
Sentiment	neutral
Relevance Score	9
People
Companies	Binance Poland sp. z o.o., Financial Services and Markets Authority, Binance, French Autorité de Marché Financiers, EU Markets in Crypto-Assets
Currencies	None
Securities