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Belgium's Regulator Orders Binance to Cease Serving Local Customers

June 23 (Cointime) - Belgium's top market regulator, the Financial Services and Markets Authority (FSMA), has ordered Binance to stop providing exchange and custody wallet services to local customers. The FSMA found that Binance was offering these services in Belgium between virtual currencies and legal currencies from countries outside the European Economic Area, which is a violation of a prohibition. Binance has been facing regulatory issues as it faces allegations of violating securities laws by the U.S. SEC and is currently under investigation by French authorities. The exchange has also withdrawn from other European Economic Area markets due to regulatory concerns.

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