De Nederlandsche Bank (DNB) announces that Binance is providing crypto services in the Netherlands without the required legal registration with DNB.

The warning applies to Binance Holdings Limited as the owner of intellectual property rights, as well as the entities (“Binance Operators”) under which Binance provides crypto services in the Netherlands.

According to the regulator, Binance is not in compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act and is illegally offering services for the exchange between virtual and fiduciary currencies and it is illegally offering custodian wallets.

This may increase the risk of customers becoming involved in money laundering or terrorist financing.

Let’s recall that, in July 2021, Italy’s Companies and Exchange Commission (CONSOB) added its voice to the chorus of warnings regarding cryptocurrency firm Binance.

Consob warns that the companies of the “Binance Group” are not authorized to provide investment services and activities in Italy, not even through the website www.binance.com whose sections called “derivatives” and “Stock Token”, relating to instruments related to crypto-assets, were previously also written in Italian.

And, in June 2021, the UK Financial Conduct Authority (FCA) announced the imposition of requirements on Binance Markets Limited. The entity is not currently permitted to undertake any regulated activities without the prior written consent of the FCA.

No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK, the FCA says.