Due to Binance’s failure to comply with Dutch’s anti-money laundering and anti-terrorist financing law owes the Dutch central bank €3.3 million.
Dutch central bank, De Nederlandsche Bank (DNB), announced Monday that they fined the world’s largest crypto exchange for operating in the Netherlands without an appropriate license. August 2021 had the bank warning consumers that the Dutch authorities had not approved Binance as a trading platform.
The DNB said in a statement that the fine was imposed in April after they investigated Binance’s operations in the Netherlands from May 2020 to December 2021 and discovered some irregularities that qualified for a third category fine. The basic third-category fine in the Netherlands is €2 million.
For Binance, the fine rose to €3.3 million due to the seriousness and consistency of the violations. The DNB stated that Binance served many customers in the Netherlands, enjoying a competitive advantage as it has not paid levies or covered the cost of supervision to DNB.
DNB also stated that Binance has applied for the necessary regulations, making the fine 700,000 short of the maximum amount. They said, “Binance has been relatively transparent about its business operations throughout the process.” The Dutch central bank slashed the initial fine by 5% as compensation.
This penalty dealt a heavy blow to Binance after they had recorded an increase in recent months that caused it to widen its horizons to France, UAE, and Puerto Rico.
Although Binance objected to the fine on June 2, the objection might not be unsuccessful.
Sadly, this is happening after Binance celebrated its 5th anniversary.
This Post Has 14 Comments
medication from mexico pharmacy: mexican border pharmacies shipping to usa – mexican online pharmacies prescription drugs
online canadian drugstore: Cheapest online pharmacy – canadian pharmacy world
rybelsus price: Rybelsus 7mg – Rybelsus 7mg
Semaglutide pharmacy price: rybelsus – rybelsus cost
prednisone without prescription: prednisone 20 mg tablets coupon – prednisone cream
Farmacia online miglior prezzo: farmacia online – п»їFarmacia online migliore
viagra online in 2 giorni: viagra prezzo – viagra acquisto in contrassegno in italia
dove acquistare viagra in modo sicuro: viagra senza ricetta – pillole per erezione in farmacia senza ricetta
farmacia online: farmacia online – Farmacia online piГ№ conveniente
farmacia online envГo gratis: farmacia online envio gratis murcia – farmacia online envГo gratis
farmacia online espaГ±a envГo internacional: Comprar Cialis sin receta – farmacia online barata y fiable
farmacia online barata y fiable: Cialis precio – farmacia barata
casibom: casibom guncel giris adresi – casibom guncel giris adresi
casibom guncel
Ponieważ technologia rozwija się coraz szybciej, a telefony komórkowe są wymieniane coraz częściej, w jaki sposób tani, szybki telefon z Androidem może stać się zdalnie dostępnym aparatem? https://www.xtmove.com/pl/using-android-mobile-phone-for-remote-monitoring-and-shooting/