The main bank of the Netherlands, De Nederlandsche Bank (DNB), will regulate cryptocurrency industry by demanding from crypto-related companies to get a licensed certificate to fight money laundering, De Telegraaf reports.
Cryptocurrency can be used almost anonymously and are therefore DNB wants to monitor the crypto activity within the country, according to De Telegraaf.
However, it’s still unknown how DNB is about to regulate crypto or whether there would be tougher rules of cryptocurrency circulation in the Netherlands.
Thus, the Netherlands joins to other “against anonymous crypto” countries, which see a threat in the new technology, though previously Financial Stability Board (FSB) presented a new report in which claims that “crypto-assets do not pose a material risk to global financial stability at this time.”
Moreover, the German government does not see cryptocurrency as a threat to financial stability. In July this year, the Government said in a response to a parliamentary inquiry posed by right-wing political party Alternative for Germany, that “cryptocurrencies take up too small an amount of market cap to make any sort of special regulatory action necessary.”
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