Binance Reopens Platform for Belgian Users
Binance, the leading cryptocurrency exchange in terms of trading volume, has announced the reopening of its platform for users based in Belgium. This comes after facing regulatory challenges related to European Economic Area (EEA) regulations. In an announcement made on September 25, 2023, Binance stated that Belgian users will now be able to access its products and services locally.
New Registrations Open for Belgian Users
Binance has confirmed that it is once again accepting new registrations from residents of Belgium, marking the end of a three-month hiatus. This development allows Belgian users to utilize Binance’s offerings, subject to certain conditions. The exchange expressed its delight in welcoming back Belgian residents to its platform.
Compliance with European Union Regulations
While Binance resumes operations in Belgium, it is important to note that crypto platforms serving European users must adhere to the regulations outlined in the European Union’s Markets in Crypto Assets (MiCA) rules. These rules are scheduled to come into effect on December 30, 2024. Binance CEO Changpeng Zhao, also known as CZ, has stated that the platform is committed to complying with the region’s regulatory landscape and has plans to introduce new stablecoins.