Binance, a cryptocurrency exchange, reopens trading services in Belgium.

Binance reopens trading in Belgium.

Author: Brayden Lindrea, Cointelegraph; Translation: Song Xue, LianGuai

Cryptocurrency exchange Binance has once again reopened registration and access to its products and services for its cryptocurrency users in Belgium – three months ago, the exchange was ordered by the Belgian financial regulatory authority to stop cryptocurrency-related services.

“Our platform welcomes Belgian residents to register again,” Binance confirmed in a post on X (formerly known as Twitter) on September 25th. Binance stated that Belgian users who accept the new terms of use will be able to use a variety of products and services offered by Binance again.

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On June 23rd, the Belgian Financial Services and Markets Authority accused Binance of violating Belgium’s anti-money laundering and anti-terrorism financing laws, alleging that Binance “provided crypto-related services from non-European Economic Area member countries.”

It ordered Binance to “immediately” stop all related services in Belgium and was required to contact all customers located in Belgium and return all cryptocurrencies and private keys held by the exchange.

This incident led Binance to serve Belgians through its subsidiary, Binance Poland sp. z.o., registered in Poland in January this year as a virtual asset service provider.

Binance’s statement did not discuss what changes have been made to enable the resumption of services to Belgian users.

Elsewhere in Europe, Binance has announced plans to delist stablecoins from the European market by June 2024 as a way to comply with the upcoming Cryptocurrency Assets Market (MiCA) legislation that will take effect in June 2024.

Meanwhile, in the United States, there has been a mass exodus of executives from Binance.US, prompting some industry experts to speculate whether the company is experiencing some internal issues.

However, Binance CEO Changpeng Zhao has repeatedly denied these rumors.

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