Binance, the world’s largest cryptocurrency exchange, announced on Friday that it is closing its Dutch operations since it was unable to meet registration requirements.
“With immediate effect, no new users residing in the Netherlands will be accepted,” says the company in a release.
From 2023-07-17 at 00:00 UTC (2023-07-17 at 02:00 UTC+2), existing Dutch resident users can only withdraw assets from the Binance platform and no further purchases, trades or deposits will be possible.
Binance is sending out an email to existing Dutch resident users with comprehensive information about the implications for their accounts and any assets they currently have on the Binance platform alongside any steps they will need to take.