Binance Poland Expands Services to Belgian Users

Official Announcement from Binance

Good news for Binance users in Belgium! The leading cryptocurrency platform, Binance, has recently announced that it will keep providing its services in Belgium through its new entity called Binance Poland sp. z o.o. This move makes sure Binance stays on the right side of the law and can keep offering services to people in Belgium.

How Does This Work for Belgian Users？

If you're a Binance user living in Belgium, you don't have to worry. You can keep using Binance just like before, but now under the terms set by Binance Poland. The company might also ask you to update some of your personal information to make sure they meet the legal rules in Poland.

Why Binance Chose Poland

Earlier this year, in January 2023, Binance made it official that they are regulated in Poland. They registered as a virtual asset service provider, or VASP, which means they follow all the rules and laws set by Poland for crypto services. This way, Binance Poland can offer safe and legal crypto exchange services and keep your digital assets secure.

Importance of Regulation

Kyrylo Khomiakov, who is in charge of Binance's operations in Ukraine and Eastern Europe, said, “We need good rules for crypto to become more popular. Strong rules build trust and help the industry grow for a long time.”

Local Focus in Poland

Katarzyna Wabik, who manages Binance in Poland, added, “We are following all the rules in Poland for VASPs. Our main job right now is to make sure users move smoothly to the Polish service. We are also looking for talented people in Poland to join our team. We want to make our service better here by teaching people about crypto and organizing events.”

About Binance

For those who don't know, Binance is a big deal in the world of crypto. It is the largest digital asset exchange by how much trading happens there. Millions of people trust Binance for its wide range of services like trading, finance, education, and more.

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So there you have it. Binance's service in Belgium is now officially regulated through its Polish entity, and it's all set to offer a secure and legal way for Belgians to dive into the world of crypto.