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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!