The Netherlands Recognizes Crypto.com as a Registered Crypto Service Provider
Crypto.com has received official registration as a crypto service provider from the Dutch central bank (DNB), marking a significant milestone for the company. The Netherlands, known for its tough stance on crypto companies like Binance and Coinbase, has joined other jurisdictions including the U.K., Dubai, and France in recognizing Crypto.com. The registration approval from De Nederlandsche Bank signifies the company’s commitment to compliance with anti-money laundering and sanctions norms. This recognition allows Crypto.com to continue operating in the country and work with regulators globally.
Key Points:
- The Dutch central bank (DNB) has officially registered Crypto.com as a crypto service provider.
- The Netherlands has previously taken a tough stance on crypto companies like Binance and Coinbase.
- Recognition by DNB acknowledges Crypto.com’s compliance with anti-money laundering and sanctions norms.
- Under new EU laws, licensed exchanges and wallet providers in one EU country can operate across the 27-nation bloc.
- The registration approval had not yet appeared on DNB’s public listing at the time of publication.
Hot Take:
The official registration of Crypto.com as a crypto service provider by the Dutch central bank is a positive development for the company and the crypto industry as a whole. It demonstrates the growing recognition of cryptocurrencies and the need for regulatory oversight to ensure compliance with anti-money laundering and sanctions measures. This move also highlights the increasing importance of cooperation between crypto companies and regulators to foster a secure and transparent crypto ecosystem.
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