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

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    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