#Binance Partners with #Coinmerce As It Winds Down Operations in the Netherlands

Binance had previously revealed plans to significantly reduce its services for #Dutch users starting from July 17 due to its failure to acquire a virtual asset service provider license in the country.

#Dutch #financial authority vows to stay tough on #crypto sector under #MiCA


https://news.bitcoin.com/dutch-financial-regulator-vows-strict-treatment-of-crypto-business-under-mica/

Due to the secrecy constraints of the central bank's supervisory #legislation, it will be impossible to ascertain the specifics of #Binance's unsuccessful attempts to apply for a virtual asset service provider ( #VASP ) licence in the Netherlands.

Having failing to obtain approval from De #Nedelandsche Bank (DNB), Binance announced that it would immediately stop providing services in the Netherlands on June 16. Trading and deposits for #Dutch customers were halted on the day of the announcement, and starting of July 17 they will only be able to withdraw assets from the site.