Main page News, Fintech, European Union, Exchange, Regulations, Crypto Market, Cryptocurrency Exchanges, Cryptocurrency
Hot topic
3 September
28 28

The central bank of the Netherlands De Nederlandsche Bank has issued a press release which clarifies deadlines from which the bank will start regulating crypto turnover in the country.

The document states that companies offering services for the exchange between cryptos and regular money, and crypto wallet providers will become subject to the bank's integrity supervision as of 10 January 2020.

The bank will supervise the crypto-related businesses according to the fifth European anti-money laundering directive (AMLD5) and its implementation in Dutch law.

"Cryptos are vulnerable to financial crime, which is why it is important to set up integrity supervision now," claims the press release.

Back in August, four large cryptocurrency exchanges in South Korea, Bithumb, Upbit, Korbit, and Coinone faced new strict crypto regulations.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error
Close