Binance Fined in Netherlands for Lack of Registration

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Binance Fined in Netherlands for Lack of Registration
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The Dutch central bank fined cryptocurrency exchange Binance for offering services without proper registration, underscoring the company’s friction with regulators

The $3.4 million fine is a relatively small penalty for crypto exchange, but underscores the company’s friction with regulators

Related Video: When cryptocurrency lending platform Celsius froze user accounts amid a plunge in valuations, it sent ripples across the industry and raised questions about what happens to user assets if a crypto platform files for bankruptcy. WSJ’s Vicky Ge Huang explains. Photo illustration: Jordan Kranse.

The €3.3 million fine, equivalent to $3.4 million, is a relatively small financial penalty for the world’s largest cryptocurrency exchange by volume, which processes

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