Binance’s Belgian Customers ouflanking the FSMA's banning

28 August 2023

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After National Financial Services and Market Authority (FSMA) told Binance, in June, to stop serving Belgian customers from outside the European bloc, the company found a new way to keep the transactions going.

Belgian customers will now be routed via a Polish entity to escape that effort by regulators to chase the crypto company out of Belgium, the company said. Belgian customers will be put into “withdrawals-only” mode if they don’t agree to the terms of use for Binance Poland, an entity registered within the European Union.

SOURCE: Coin Desk

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