To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Kenes Rakishev promotes modern skills with robotics classes

School #174 receives a much needed donation: Kenes Rakishev grants a complete robotics class to the ...



The National Bank of Netherlands tries to fend of customers from Binance



DNB warned against investment in crypto and Binance



18.Aug.21 1:01 PM
By Shawn Highstraw
Photo Binance

   98

The National Bank of Netherlands tries to fend of customers from Binance
National Bank of the Netherlands warned about doing investment with the help of Binance exchange on Wednesday. It offers crypto services in the Netherlands without legally required registration with the Dutch regulator.

"This means that Binance is acting in violation of the money laundering and Terrorist Financing Prevention Act and provides illegal services for switching between virtual and fiduciary currencies, and provides custodial wallets."

According to DNB, this means that customers run an increased risk of being involved in money laundering or terrorist financing.

The statement isn't yet a prohibition of working with Binance.



Back to the list


Related Information: