The biggest exchange on the planet is forced out of the Netherlands.
The DNB, the Bank of the Netherlands, requires that exchanges be registered and have a license in Netherlands nations. It would appear that this formality is challenging to obtain. In fact, Binance conducted unlicensed operations on Dutch soil. He was assessed a fine of just over three million euros as a result.
The exchange platform finally made its announcement of its exit from the nation due to its inability to obtain the required license on Twitter. According to the platform, it is still collaborating with regulatory bodies all over the world to avoid a repeat of the incident.
However, the Netherlands is added to an already long list of countries where the platform is not welcome, with none less than the United States and the United Kingdom among them
