Binance to exit Dutch market over regulatory hurdles

Cryptocurrency exchange Binance said on Friday that it was leaving the Dutch market because is was unable to register as a virtual asset service provider with the regulator.

The company said that starting July 17, existing Dutch users will only be able to withdraw assets from the Binance platform. No further purchases, trades or deposits will be possible.

Binance’s Cyprus unit on Wednesday applied to be removed from Cyprus’ register of crypto asset service providers.