Binance filed an appeal against the fine on June 2, DNB said.
A Binance spokesperson said the company is hoping to put the squabble behind it as it pursues its Dutch license.
“Today’s decision marks a long-awaited pivot in our ongoing collaboration with the Dutch Central Bank,” the spokesperson said via email.
“While we do not share the same view on every aspect of the decision, we deeply respect the authority and professionalism of Dutch regulators to enforce regulations as they see fit.”
The Dutch fine was moderated 5% lower because Binance applied for registration and was “relatively transparent” about its operations during the process, DNB said. The central bank says it is still reviewing Binance’s application.
