The Netherlands warned about the lack of registration with Binance

The Dutch Central Bank (DNB) has warned that the Binance exchange is operating in the country withoutcorresponding registration.

According to the Central Bank, Binance is illegally offeringstorage and exchange of digital currency without the necessary registration. In addition, in its activities the company does not comply with international principles of combating the financing of terrorism and money laundering. 

Binance knows the position of the regulator. The exchange is now trying to obtain a license in the country and is in the process of filing an application for registration.

Previously, regulators made similar claimsUK, Cayman Islands, Thailand, Hong Kong, Poland, Malta, Italy and Malaysia. Binance's European partners have stopped working with the exchange. 

According to the crypto platform, it is working oncompliance with the law, and brought in a former US IRS criminal investigator to bring the work in line with regulatory requirements.

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