The Belgium investigation has identified 27 Binance operators involved in providing services, with 19 of them located outside the European Economic Area. Despite requests for information, Binance has failed to prove that these entities are authorized to provide services in Belgium.
Binance has announced its decision to wind down operations in Europe, aiming to have fewer regulated entities. This includes exiting from Cyprus and the Netherlands, indicating its intention to discontinue services in these countries.
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