Binance announced that Binance will withdraw from the Dutch market. Effective immediately, new users residing in the Netherlands are no longer accepted. Starting from 08:00 on July 17, Beijing time, existing Dutch resident users will only be able to withdraw assets from Binance, and purchases, transactions, or deposits will no longer be available. According to the announcement, Binance has been applying for full registration with the Dutch regulator as a Virtual Asset Service Provider (VASP), but failed to register as a VASP in the Netherlands. Binance will continue to work on completing the VASP registration to offer products and services to users in the Netherlands.