“Binance to exit the Netherlands after failing to obtain regulatory approval”
June 16, 2023
“Cryptocurrency exchange Binance said it will leave the Netherlands after the company’s application to register under the Dutch crypto authorization regime was rejected. Referring to a virtual asset service provider, Binance on Friday said that it could no longer serve Dutch clients “as we have been unable to register as a VASP with the Dutch regulator.” The company didn’t give a reason for why it was unable to receive a license from regulators…”
GOOD! The crypto community needs to innovate in a way that bypasses government regulations. Necessity is the mother of innovation as the saying goes.
Personally I think P2P file sharing would be a better option than exchanges anyway. It can’t be controlled nor shut down by the government.