Veröffentlicht von • Binance has announced that its users in Belgium will continue to access its services via Binance Poland, the crypto exchange’s Polish-regulated arm.
• To access services via Binance Poland, users in Belgium will have to accept the Polish platform’s Terms of Use for Belgian users.
• The move came about two months after the Financial Services and Markets Authority of Belgium directed that the exchange stop all of its virtual currency services in the country.
Binance To Serve Belgian Users Via Polish Arm
Continued Access to Services
Binance has announced that its users in Belgium will continue to access its services via Binance Poland, the crypto exchange’s Polish-regulated arm. Users must accept the Polish platform’s Terms of Use for Belgian users in order to access these services.
FSMA Directive
The move comes two months after the Financial Services and Markets Authority (FSMA) of Belgium directed that Binance halt all of its virtual currency services in the country. Rather than exit the Belgian market as was done in other jurisdictions such as Canada, Binance revealed plans to work with FSMA for compliance with their regulations.
KYC Resubmission
In order to ensure compliance with Polish regulation, it may be necessary for users to resubmit know-your-customer (KYC) documentation when accessing services through Binance Poland. This is part of a larger commitment by Binance towards meeting regulatory requirements across different markets they serve.
Services Offered Through Polish Arm
On Monday, Binance announced that its Polish arm offers crypto exchange and custody services as per guidelines set by virtual assets service providers (VASPs). This enables them to meet their obligations while allowing continued access of their products and services for Belgian residents.