Netherlands Joins Global Crackdown On Binance

By Elise Hansen (August 18, 2021, 5:55 PM EDT) -- The Dutch central bank said Wednesday that Binance is operating illegally in the country, the same day that the cyrptocurrency exchange announced that it has brought a former investigator for the U.S. Department of Treasury on board to support its anti-money laundering operations.

De Nederlandsche Bank NV, or DNB, said Binance is providing cryptocurrency services in the Netherlands without the required registration, leaving it out of compliance with anti-money laundering laws and the Anti-Terrorist Financing Act.

Binance, the world's largest cryptocurrency exchange by transaction volume, is also "illegally offering services for the exchange between virtual and fiduciary currencies and it is...

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