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The Guardian - UK
The Guardian - UK
Business
Dan Milmo Global technology editor

Binance to quit the Netherlands and faces investigation in France

Binance Netherlands France Changpeng Zhao SEC United States Crypto the Securities and Exchange Commission
Changpeng Zhao
Binance.US, owned by CEO Changpeng Zhao, is in talks with the Securities and Exchange Commission to avoid a total asset freeze. Photograph: Pedro Nunes/Reuters

Binance has suffered setbacks in two European markets after it announced plans to quit the Netherlands and came under investigation by French prosecutors.

The world’s largest cryptocurrency exchange said it was leaving the Dutch market after it failed to obtain a licence from the country’s central bank.

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