europe 703 crypto neutral
Binance, the world’s largest cryptocurrency exchange, has announced that its users in Belgium will continue to access its services via Binance Poland, its Polish-regulated arm. To access services via Binance Poland, users in Belgium will have to accept the Polish platform’s Terms of Use for Belgian users and may also be asked to resubmit know-your-customer (KYC) documentation.The move comes two months after the Financial Services and Markets Authority of Belgium directed that the exchange stop all of its virtual currency services in the country. Rather than exit the Belgian market, Binance revealed plans to work with the Belgian market regulator.Binance Poland sp. z o.o. is now the entity that provides Binance services for Belgian residents. By doing this, Binance ensures that it complies with its regulatory obligations and can continue to provide services to Belgian users. Binance Poland offers crypto exchange and custody services as per the country’s guidelines to virtual assets service providers (VASPs).

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Information Details
Geography Europe
Countries 🇧🇪 🇵🇱
Sentiment neutral
Relevance Score 10
People
Companies Binance Poland sp. z o.o., Financial Services and Markets Authority (FSMA), Virtual Assets Service Providers (VASPs), Binance
Currencies None
Securities

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