Share this article
Netherlands' Central Bank Issues Binance Warning
The Dutch central bank joined the ranks of regulators issuing warnings about the crypto exchange's activities.
Updated Sep 14, 2021, 1:41 p.m. Published Aug 18, 2021, 2:06 p.m.
Make us preferred on Google
The Dutch central bank joined the ranks of regulators issuing warnings about crypto exchange Binance operating without permission.
STORY CONTINUES BELOW
- "Binance is providing crypto services in the Netherlands without the required legal registration," De Nederlandsche Bank (DNB) said Wednesday.
- Binance is not in compliance with the country's anti-money laundering and anti-terror financing act, and is offering custodian wallets and services illegally, the DNB said.
- The warning pertains to Binance Holdings Ltd. as well as other Binance entities that offer crypto services in the Netherlands.
- DNB's announcement follows similar warnings from financial overseers in a number of jurisdictions in recent months, including the Hong Kong, Japan, Malaysia and the U.K.
- A Binance spokesperson said in an email to CoinDesk that the firm was “in the process of submitting an application for the required registration” and “will be working constructively with DNB.”
UPDATE (August 19, 00:25): Adds comment from Binance.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Crypto exchange WhiteBIT flagged by Russia as 'undesirable' over support for Ukraine military
WhiteBIT has actively supported Ukraine's war effort, donating $11 million to military initiatives and processing over $160 million in donations.
What to know:
- Russia banned Ukrainian crypto exchange WhiteBIT, making any interaction with the company a criminal offense within Russian borders.
- WhiteBIT has actively supported Ukraine's war effort, donating $11 million to military initiatives and processing over $160 million in donations.
- The exchange has continued to grow, expanding to 8 million users and entering the U.S. market despite Russian pressure.
Top Stories
