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Dutch central bank fines Binance 3.3m euros

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Published Mon, Jul 18, 2022 · 04:37 PM
    • The Dutch central bank says Binance has been offering services in the Netherlands without being registered in the country.
    • The Dutch central bank says Binance has been offering services in the Netherlands without being registered in the country. FILE PHOTO: REUTERS

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    THE Dutch central bank (DNB) on Monday (Jul 18) said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros (S$4.68 million) for offering services in the Netherlands without being registered in the country.

    The fine was issued in April 2022, following a public warning already issued against Binance last August, DNB said. The bank said in a statement that Binance in June had indicated it would appeal. REUTERS

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