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Binance CEO Breaks Silence on Dutch Market Exit, Denies Beef with DNB

1y agoā€¢
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  • Binance CEO clarifies Dutch market exit: No beef, complex platform at play.
  • Dutch National Bankā€™s decision not to grant Binance a license raises questions.
  • Disparity observed in granting VASP licenses to foreign entities in the Netherlands.

In response to recent speculations surrounding Binanceā€™s decision to exit the Dutch market, CEO Changpeng Zhao has shed light on the matter, urging caution not to read too much into the situation. Emphasizing the intricacies of Binance as a large and complex platform, Zhao hinted at the existence of simpler alternatives for Dutch investors through local Virtual Asset Service Provider (VASP) license holders.

The Dutch National Bank (DNB) had previously levied a fine of $3.35 million against Binance earlier this year, and recently, the exchange giant faced another setback when the DNB opted not to grant them a VASP license. This decision ā€¦

The post Binance CEO Breaks Silence on Dutch Market Exit, Denies Beef with DNB appeared first on Coin Edition.

1y agoā€¢
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