Binance CEO says Netherlands remains “progressive” despite failure to secure critical license

Binance CEO Changpeng ‘CZ’ Zhao said Netherlands’ posture towards crypto remains “pretty progressive” despite his exchange’s failed registration as a virtual asset service provider (VASP), according to a June 19 tweet.

CZ’s statement was in response to a user who criticized Netherlands’ Central Bank, De Nederlandsche Bank (DNB), for refusing to grant foreign entities licenses to operate in the country.