The Business Times
business-time-50

Dutch central bank fines Binance 3.3m euros

google-preferred-sourceAdd BT as a preferred source
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

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    BinanceCryptocurrencies

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its viability as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities

    The deal for the sale of Scotts Square mall, just off Orchard Road, is said to be in the early stages of being worked out, at a price of about S$320 million.

    Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square

    Anytime Fitness Asia has a network of over 600 clubs across markets including Singapore, the Philippines and Hong Kong.

    Anytime Fitness Asia’s owner said to weigh US$400 million sale

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More