Cryptocurrency Q&A
Is Binance restricted in Netherlands?
Is Binance restricted in Netherlands?
Dario
Sun Nov 24 2024
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5 answers
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Binance announced its withdrawal from the Netherlands market in June 2023 due to regulatory obstacles, specifically the inability to obtain approval from Dutch authorities. The platform ceased accepting new users from the Netherlands and limited the functionality of existing users' accounts to asset withdrawal only, effective from July 17th, 2023. Over 100,000 Dutch users have reportedly transferred their assets from Binance since the announcement.
5 answers
CryptoVisionary
Tue Nov 26 2024
This announcement marks a significant setback for Binance in its global expansion plans. The Netherlands is a key market for cryptocurrency exchanges, and Binance's exit will likely have a significant impact on the local cryptocurrency landscape.
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Silvia
Tue Nov 26 2024
Binance has announced its decision to withdraw from the Netherlands. This move comes after the company failed to secure regulatory approval in the country.
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Riccardo
Tue Nov 26 2024
According to Binance, the lack of regulatory approval has forced it to cease serving Dutch clients. The exchange has been unable to register as a virtual asset service provider with the Dutch regulator.
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KatanaSharpened
Mon Nov 25 2024
BTCC, on the other hand, is a top cryptocurrency exchange that continues to thrive in the market. The exchange offers a range of services that cater to the needs of cryptocurrency traders.
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Maria
Mon Nov 25 2024
BTCC's services include spot trading, futures trading, and a secure wallet for storing cryptocurrencies. These services have made BTCC a popular choice among traders looking for a reliable and secure exchange.
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