Read

<div class="cryptonews"> 
 <p class="is-style-lead">Binance has announced the <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of a new <a rel="dofollow" title="entity" href="https://thebittimes.com/tag/entity.html">entity</a> in Poland known as Poland sp. z o.o, with its main focus on the Belgium market.</p> 
 <p>The Belgian Financial Services and Markets Authority (FSMA) recently ordered the company to stop offering its services in Belgium due to violating internal compliance laws.</p> 
 <p>With the creation of its new <a rel="dofollow" title="entity" href="https://thebittimes.com/tag/entity.html">entity</a> in Poland, the company will be able to continue offering its services to Belgian residents.</p> 
 <p>Binance explained that Belgian users will be able to keep using its platform by accepting the terms of use of Binance Poland for Belgian users. In particular, customers might have to resubmit some old information related to KYC to comply with the local regulations.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Binance ordered by Belgian regulator to suspend crypto services 
 </div> 
 <h2 class="wp-block-heading" id="binance-s-issues-within-eu">Binance’s issues within EU</h2> 
 <p>Since its <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> in July 2017, Binance has experienced remarkable growth and has become a popular choice for cryptocurrency traders worldwide.</p> 
 <p>However, most recently, Binance has faced legal issues in EU due to stricter regulation policies. When the exchange&nbsp;exited&nbsp;Cyprus, they said they had plans to fully comply with the European Union’s Markets in Crypto Assets (MiCA) legislation.&nbsp;</p> 
 <p>However, despite this announcement, they have been pulling its operations out of the EU. For instance, the exchange withdrew its application to BaFin for a crypto license in Germany.&nbsp;</p> 
 <p>Moreover, Binance is investigated in France for what authorities claim are acts of illegal exercise and aggravated money laundering.&nbsp;</p> 
 <p>As a result of different problems that forced the exchange to exit some countries or faced lawsuits, Binance is now getting ready to comply with the new European regulations under the recently approved regulatory framework known as MiCA.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance considers exit from Russia following sanction violations 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/binance-launches-a-new-entity-in-poland-tbt60821.html">https://thebittimes.com/binance-launches-a-new-entity-in-poland-tbt60821.html</a></p>

Binance launches a new entity in Poland

Table of Contents

TheBitTimes

Other articles published on Aug 29, 2023

Treasury and IRS Propose Rules for Digital Asset Brokers

ETHWarsaw returns for its second edition alongside Warsaw Blockchain Week

NU Stock Might Become Best Penny Stock; Surged Over 77% YTD

US May See First Bitcoin Spot ETF as Grayscale Wins Suit Against SEC, BTC Gains $1400

Justice in Orbit: SpaceX Faces Lawsuit Over Alleged Discriminatory Hiring

$BTC Price Breaks $27,000, Up 4.87% Over Last Hour

Join our free newsletter for daily crypto updates!