Bitcoin reaches highest price of 2023 while Belgium orders Binance to cease operations

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Last Updated on 6 November 2023 by CryptoTips.eu

Bitcoin briefly touched $31,300 this weekend and with that, reached its highest price of 2023. In Belgium, stock market watchdog FSMA ordered crypto platform Binance to cease its activities in the country and an investigation is also being launched in France; The news comes a few weeks after the largest crypto platform in the world left the Netherlands.

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Bitcoin $31k

After Wall Street apparently staged an orchestrated good news show for the crypto world, the largest digital coin surged from $25k to $31k in a matter of few days. Interest in crypto from Blackrock, Fidelity and many other business greats has done wonders for confidence in Bitcoin, which is looking up again.

Many analysts now believe we will see $40k again before the end of the summer.

Binance to leave België

After it left the Netherlands (where it had problems obtaining the necessary permits), it seems that Binance will now also disappear in Belgium, after the local exchange watchdog FSMA ordered the crypto platform to immediately cease its activities.

Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area.

The FSMA said.

The FSMA has therefore ordered Binance to cease, with immediate effect, offering or providing any and all such services in Belgium.

It added in a statement.

Binance, however, is still functioning in Spain, France, Italy, Lithuania, Sweden and Poland.

However, according to recent reports, an investigation also seems to have started in France.

Next year, the Mica legislation will come into effect, explaining the rules for trading crypto in Europe, which will make it easier for companies to trade digital currencies within the European Union.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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