Dutch central bank claims Binance is operating illegally
Cointelegraph
Published Aug 18, 2021 12:30PM ET
Updated Aug 18, 2021 02:00PM ET
De Nederlandsche Bank, the central bank of the Netherlands, issued a warning to Binance Holdings Limited and its entities offering crypto services to local residents.
In a Wednesday statement, De Nederlandsche Bank said the major crypto exchange was not operating in compliance with the country’s Anti-Money Laundering and Anti-Terrorist Financing Act, alleging Binance customers were at risk of “becoming involved in money laundering or terrorist financing.” According to the central bank, Binance is illegally offering crypto services as well as custodian wallets without the required legal registration.
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Written By: Cointelegraph
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