The world’s largest crypto exchange, Binance, is having problems in a couple of European countries.
With next year’s arrival of the new crypto regulation (the so-called MiCA) in the European Union, the requirements for crypto operators are becoming more stringent, which is perhaps why such problems are popping up only now.
Binance: the withdrawal from the Netherlands of the world’s largest crypto exchange
This morning, Binance made it known in an official tweet that it intends to withdraw from the Netherlands.
We regret to announce that Binance is leaving the Dutch market as we have been unable to register as a VASP with the Dutch regulator.
We continue to be committed to working collaboratively with regulators around the world and are additionally focused on getting our business…
— Binance (@binance) June 16, 2023
The exchange says it is leaving the Dutch market because it has been unable to register as a VASP with the local regulator.
It also mentions the MiCA in t
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