Fun

News Feed - 2023-08-29 01:08:02

Turner Wright7 hours agoBinance says it ‘continues to serve’ Belgian users via Poland entityIn June, Belgium’s financial regulator ordered Binance to stop offering crypto exchange and custody wallet services, citing violations of the country’s AML and CFT requirements.1519 Total views19 Total sharesListen to article 0:00NewsJoin us on social networksAfter an order from the Belgian Financial Services and Markets Authority (FSMA), crypto exchange Binance announced its Poland entity would be providing services to residents of Belgium.


In an Aug. 28 announcement, Binance said Binance Poland sp. z o.o. — an entity the exchange registered with Polish regulatory authorities in January — would comply with “regulatory obligations” for residents of Belgium looking for services on the exchange. According to Binance, some users may need to submit documentation in accordance with Know Your Customer requirements for Poland rather than Belgium.


The announcement came roughly two months after Belgium’s financial regulator ordered Binance to stop offering crypto exchange and custody wallet services, citing violations of the country’s Anti-Money Laundering and Combating the Financing of Terrorism requirements. At the time, FSMA suggested Binance could operate in Belgium via a “legal entity governed by the law of another member state of the European Economic Area [EEA] that is duly authorized by its home member state.” The EEA includes Poland.


Related:Binance to delist privacy tokens in France, Italy, Spain and Poland


A global crypto exchange operating in many countries through various entities, Binance has had a number of regulatory entanglements since its launch. The crypto exchange halted its services for Dutch users in July, citing a failure to obtain a virtual asset service provider license. In addition, Binance, Binance.US and Binance CEO Changpeng Zhao are facing a lawsuit from the United States Securities and Exchange Commission.


The Markets in Crypto-Assets legislation, a bill aimed at establishing a consistent regulatory framework for crypto assets among the European Union member states, is expected to take effect in 2024 following passage by policymakers. The framework is currently moving through a consultative phase for feedback on technical standards.


Magazine:Best and worst countries for crypto taxes — plus crypto tax tips# Business# Belgium# Poland# Cryptocurrency Exchange# BinanceAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?The future of BTC mining and the Bitcoin halvingThe bright side of Evergrande’s collapse? More crypto volatility

News Feed
Bitcoin Price Consolidates In Tight Zone: Why A Crash To $84,000 Is Likely
Este artículo también está disponible en español. Analysts are currently leaning towards a further breakdown in the Bitcoin price, as market volatility has positioned the
2025-02-25 03:00 AM
Crypto Regulation Commences in Serbia: Trading, Mining Legalized
Crypto Regulation Commences in Serbia: Trading, Mining Legalized Serbia has started regulating the crypto industry as the country’s law on digital assets h
2021-01-07 00:30 AM
Bitcoin Indicator That Timed January Top Now Gives Signal To Buy
Este artículo también está disponible en español. An analyst has pointed out how the Bitcoin Tom Demark (TD) Sequential has just given a signal that could be bullish for
2025-02-11 06:30 AM
John Perry Barlow: A Declaration of the Independence of Cyberspace
John Perry Barlow: A Declaration of the Independence of CyberspaceGovernments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of M
2020-07-04 22:30 PM
Brayden Lindrea9 hours agoAI can be used in ‘every single process’ of JPMorgan’s operations, says CEOJPMorgan’s CEO Jamie Dimon pointed to trading, hedging, research and error detection as some of the processes t
2023-10-03 08:39 AM
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies The monetary authorities of four jurisdictions in Asia have carried out tests with inter
2022-09-30 02:30 AM
Washington Post, Forbes, Wall Street Journal Slammed for ‘Puff Piece’ Reports on FTX and Alameda Execs
Washington Post, Forbes, Wall Street Journal Slammed for "Puff Piece" Reports on FTX and Alameda Execs Following the highly criticized New York Times article that features commenta
2022-11-21 07:30 AM
Ana Paula Pereira3 hours agoCrypto Biz: Worldcoin plans to open source data, MicroStrategy preps for BTC halving, and moreThis week’s Crypto Biz looks at Worldcoin’s expansion plans, GameStop’s exit from crypto, Mi
2023-08-05 06:00 AM
Ticino Blockchain Technologies Association Has Been Established
Ticino Blockchain Technologies Association Has Been EstablishedLugano, 10 September 2020 – The Ticino Blockchain Technologies Association aims to promote research and support
2020-09-10 22:00 PM
Ethereum co-founders reflect on 10-year anniversary — EthCC
Gareth Jenkinson11 hours agoEthereum co-founders reflect on 10-year anniversary — EthCCEthereum co-founders Vitalik Buterin and Joseph Lubin reflect on the state of the network a decade after its creation.1488 Total vi
2024-07-10 21:33 PM
Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs
Bitcoin"s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC RigsDuring the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June
2020-07-01 09:05 AM
From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died
From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died Just before the antivirus tycoon John McAfee was found dead in Spain, he to
2021-07-19 14:30 PM