{"id":335359,"date":"2023-06-19T12:47:15","date_gmt":"2023-06-19T11:47:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=335359"},"modified":"2023-07-06T03:32:09","modified_gmt":"2023-07-06T02:32:09","slug":"binance-ceo-says-netherlands-remains-progressive-despite-failure-to-secure-critical-license","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/binance-ceo-says-netherlands-remains-progressive-despite-failure-to-secure-critical-license\/","title":{"rendered":"Binance CEO says Netherlands remains “progressive” despite failure to secure critical license"},"content":{"rendered":"

Binance CEO Changpeng ‘CZ' Zhao said Netherlands' posture towards crypto remains “pretty progressive” despite his exchange's failed registration as a virtual asset service provider (VASP), according to a June 19 tweet<\/a>.<\/p>\n

CZ's statement was in response to a user who criticized Netherlands' Central Bank, De Nederlandsche Bank (DNB), for refusing to grant foreign entities licenses to operate in the country.<\/p>\n

The original poster suggested that the regulator was “cherry picking” as it is “hard to believe that only Dutch companies are able to deliver what the DNB is asking for.”<\/p>\n

In response, Zhao said:<\/p>\n

“Don't read too much into it. No beef. Binance is a large and complex platform. There are 50 simpler local VASP license holders. They should provide decent access for crypto, we hope. Netherland is still pretty progressive all things considered.”<\/p><\/blockquote>\n

Binance failed VASP registration<\/h2>\n

On June 16, Binance pulled out<\/a> of the Dutch market after its inability to register as a VASP with the authorities.<\/span><\/p>\n

Binance stated that the company's application was unsuccessful in the Netherlands despite its compliance with EU standards in other countries, like France, Italy, Spain, Poland, Sweden, and Lithuania.<\/p>\n

The exchange added that it “will continue striving to obtain authorizations to provide our products and services to users in the Netherlands.”<\/p>\n

In 2022, DNB fined<\/a> Binance \u20ac3.3 million for offering unlicensed crypto services to the country's residents.<\/p>\n

Netherlands crypto posture<\/h2>\n

Like most European countries, the Netherlands has adopted strict measures toward regulating the crypto industry.<\/p>\n

The Dutch Authority for Financial Markets (AFM) chairman, Laura van Geest, previously stated<\/a> that the country would ensure strict implementation of the EU's Markets in Crypto Assets regulation (MiCA).<\/p>\n

Geest added that they do not think crypto is “good news” because it is “difficult to fathom, vulnerable to deception, fraud, and manipulation.”<\/p>\n

Meanwhile, crypto firms operating within the country must register<\/a> with the DNB and strictly adhere to anti-money laundering and know-your-customer processes.<\/p>\n

According to DNB's public register<\/a>, there are over 30 registered crypto service providers in operating in the Netherlands, including Coinbase, OKCoin Europe, eToro (Europe) Limited, and several other local firms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance CEO Changpeng ‘CZ’ Zhao said Netherlands’ posture towards crypto remains “pretty progressive” despite his exchange’s failed registration as a virtual asset service provider (VASP), according to a June 19 tweet. CZ’s statement was in response to a user who criticized Netherlands’ Central Bank, De Nederlandsche Bank (DNB), for refusing to grant foreign entities licenses […]<\/p>\n","protected":false},"author":720,"featured_media":340351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,11],"tags":[74060,78623],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nBinance CEO says Netherlands remains "progressive" despite failure to secure critical license<\/title>\n<meta name=\"description\" content=\"The embattled CEO is projecting a cool image on social media withdrawing his companies from another market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/binance-ceo-says-netherlands-remains-progressive-despite-failure-to-secure-critical-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance CEO says Netherlands remains "progressive" despite failure to secure critical license\" \/>\n<meta property=\"og:description\" content=\"The embattled CEO is projecting a cool image on social media withdrawing his companies from another market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/binance-ceo-says-netherlands-remains-progressive-despite-failure-to-secure-critical-license\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-19T11:47:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-06T02:32:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/cz-netherlands-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/binance-ceo-says-netherlands-remains-progressive-despite-failure-to-secure-critical-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/binance-ceo-says-netherlands-remains-progressive-despite-failure-to-secure-critical-license\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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