Crypto.com Registers with Dutch Central Bank to Offer Crypto Services
Crypto.com has announced that it has received registration approval from the Netherlands’ central bank, De Nederlandsche Bank (DNB). This allows the crypto exchange to offer cryptocurrency services to Dutch customers. In contrast, rival exchange Binance had to leave the Dutch market after failing to obtain registration.
Key Points:
- Registration Approval: Crypto.com obtained registration approval from DNB, following a comprehensive review of its business and compliance with the Netherlands’ AML and anti-terrorism laws.
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- Binance’s Troubles: DNB previously warned Binance for unlicensed operation in the country and imposed a $3.3 million fine on the exchange. Binance also withdrew its licensing application with German regulators.
- Regulatory Approvals: Crypto.com’s registration with DNB adds to its list of regulatory approvals from various jurisdictions, including Spain, Italy, Australia, Cyprus, Greece, and South Korea.
- Commitment to Compliance: Crypto.com CEO, Kris Marszalek, stated that the registration approval is a testament to their commitment to compliance and they look forward to working with DNB and other regulators worldwide.
Closing Paragraph:
Crypto.com’s registration with the Netherlands’ central bank showcases their dedication to compliance and expanding their services in different jurisdictions. With this approval, they can now offer cryptocurrency services to Dutch customers. This is a significant milestone for the company, adding to their previous regulatory approvals. However, they have decided to suspend institutional exchange services for American clients due to low demand.
