Binance’s Belgian Customers ouflanking the FSMA's banning

28 August 2023


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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