Binance users in Belgium can now access its services via its Poland-based unit. This decision follows the exchange’s plan to cooperate with the Belgian regulator, the Financial Services and Markets Authority (FSMA), which had asked Binance to halt its services in the country.
The announcement from Binance reads: “Binance Poland sp. z o.o. is now the entity that provides Binance services for Belgian residents. By doing this, Binance ensures that it complies with its regulatory obligations and can continue to provide services to Belgian users.”
For Belgian users to access Binance services, they will have to accept the Polish platform’s Terms of Use for Belgian users and may be asked to resubmit their know-your-customer (KYC) documents. This move is in line with the exchange’s commitment to meeting regulatory requirements.
The Polish arm of Binance offers crypto exchange and custody services as per the country’s guidelines to virtual assets service providers (VASPs). Binance’s decision to offer services via its Poland-based unit allows them to continue providing services to customers in Belgium, while remaining compliant with regulations.
