Previously, investigations began against Binance in the US and France
The Belgian Financial Services and Markets Authority (FSMA) has ordered major cryptocurrency exchange Binance to immediately stop providing services in Belgium.
FSMA notes that Binance offers and provides exchange services in Belgium between virtual currencies and legal currencies, as well as escrow wallet services from countries outside the European Economic Area. Therefore, the FSMA has ordered Binance to immediately stop offering or providing any such services in Belgium.
Persons or firms governed by the laws of a country outside the European Economic Area are prohibited from offering or operating in Belgium the services of exchanging virtual currencies for legal currencies or depositary wallet services.
Many took up arms against Binance
Failure to comply with this prohibition is subject to criminal liability under article 136 of the Belgian Law for the Prevention of Money Laundering and Terrorist Financing.
In addition to the order to immediately cease operations in Belgium, the FSMA has requested that Binance return to Belgian customers all cryptographic keys and/or all virtual currencies that Binance holds for its account.
Earlier in France, an investigation was launched into the activities of the popular cryptocurrency exchange Binance due to illegal work. Prior to that, the US Securities and Exchange Commission initiated a case against Binance.
