PANews reported on June 16 that according to an official announcement, Binance announced its withdrawal from the Dutch market and will no longer accept new users living in the Netherlands from now on. Starting from July 17, existing Dutch resident users will only be able to withdraw assets from Binance and will not be able to make purchases, trades or deposits.
Binance said: “While we have explored many alternative paths to serve Dutch residents under Dutch regulations, unfortunately this has not resulted in VASP registration in the Netherlands at this time. Binance will continue to work towards obtaining authorization to provide our products and services to Dutch users. Binance also remains committed to full compliance with the new EU rules on crypto assets (MiCAR).”