Dutch Central Bank Slams Binance with $3.3M Fine for Illegal Operations

Leading exchange firm Binance is facing a 3M euro charge from the central bank of the Netherlands (DNB) for operating without permission from regulators. Binance Breaks Dutch Regulatory Requirements Today, the institution shared a release noting details of the exchange’s violations and the ensuing fine. According to the report, Binance offered crypto services within the jurisdiction without obtaining a license from the DNB.  As this is prohibited, the major bank imposed a fine over 2 months ago on the 25th…