In most countries, the exchange has been accused of operating without regulatory clearance. The Binance exchange has suffered multiple regulatory clampdowns worldwide. Many users have reported that Binance closed their accounts because they reside in one of their unsupported countries – including users from Serbia, Bosnia, Iran, Myanmar, among other countries. You can this information here (AMF website). įinally, in May 2022, France has become the first big European nation to grant Binance (“BINANCE France SAS”) as a Digital Asset Service Provider (DASP) registered by the Autorité des marchés financiers (AMF) with the approval of the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
This includes the UK, Belgium, France, Germany, Italy, and others. For instance, the exchange has a list of countries it supports for crypto to fiat withdrawals. While Binance doesn’t have a detailed list of supported nations, it does have a list of specific features allowed for certain countries. However, due to strict financial regulations globally, Binance has restricted its product offerings to customers in certain countries. The exchange continues to operate in several countries in the Americas, Europe, Asia, and others. Since Binance is just crypto to crypto exchange, until recent times, it could operate in almost every country worldwide – unless the country had decided to block Binance for some reason, including not complying with the country’s regulation.Īt press time, Binance does not have an official list of supported countries. Generally, conversion of crypto to fiat is restricted in some countries and has to follow tight regulations.
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