Cryptocurrency exchange Binance has reopened registration and access to its products and services for Belgian users—three months after the country’s financial regulator ordered the platform to halt crypto-related services.
Key Developments
- Service Restoration: Binance confirmed on September 25 via X (formerly Twitter) that Belgian residents can now register and use its platform after agreeing to updated terms of service.
- Regulatory Background: In June 2023, the Belgian Financial Services and Markets Authority (FSMA) accused Binance of violating anti-money laundering (AML) and counter-terrorism financing (CTF) laws by offering services from outside the European Economic Area (EEA).
- Compliance Shift: Binance now serves Belgian users through its Poland-registered subsidiary, Binance Poland sp. z o.o., which became a registered Virtual Asset Service Provider (VASP) in January 2023.
Regulatory Context in Europe
- MiCA Compliance: Binance plans to delist stablecoins in Europe by June 2024 to align with the EU’s Markets in Crypto-Assets (MiCA) regulations.
- U.S. Challenges: Binance.US faces executive departures, sparking speculation about internal issues, though CEO Changpeng Zhao denies these claims.
FAQs
1. Why did Binance suspend services in Belgium earlier?
The FSMA ordered the suspension in June 2023 due to alleged non-compliance with AML/CTF laws.
2. How is Binance now operating legally in Belgium?
Through its Polish subsidiary, which holds a VASP registration.
3. Will Binance delist stablecoins globally?
No—only in the EU to comply with MiCA.
4. What should Belgian users do to resume trading?
Accept the updated terms of service on the platform.
👉 Discover secure crypto trading with Binance
Key Takeaways
- Binance’s return to Belgium highlights evolving regulatory adaptations.
- Users must review new terms to regain full platform access.
- The exchange continues to navigate global compliance challenges.
Note: Cryptocurrency investments carry risks; conduct independent research before trading.
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