Binance, the world’s largest cryptocurrency exchange, had suspended its services in Belgium following instructions from the country’s financial regulatory authority. After a 3.5-month hiatus, it has now resumed its services for Belgian users.
In an official statement posted on its Twitter account, Binance said, “We welcome new registrations from Belgian residents once again.” The same statement mentioned that Belgian users would regain access to various Binance products and services if they accepted the platform’s new Terms of Use.
Dear Binancians 🇧🇪
— Binance België (@binanceflemish) September 25, 2023
We are delighted to announce that as of today, new registrations of Belgian residents are welcome on our platform once again.
In addition, various Binance products and services are accessible again to Belgian users who have accepted our new Terms of Use.
The Financial Services and Markets Authority (FSMA), the financial regulator of Belgium, had ordered all virtual currency services in the country to immediately cease operations in June, accusing the cryptocurrency exchange of providing certain services from non-European Economic Area member countries.
To Ensure Legal Compliance, Collaboration was Established
Subsequently, Binance activated its unit in Poland to continue serving customers in Belgium and collaborated to ensure legal compliance. As a result of this collaboration, it appears that the necessary conditions have been met for users in Belgium to return to the platform, and the exchange has resumed its operations.
