Dutch central bank tightens regulatory control of crypto trading

Discussion in 'Cryptocurrencies' started by mlawson71, Sep 9, 2019.

  1. Changes in the regulatory regime of Netherlands are upcoming that will affect local cryptocurrency firms, most importantly they will have to register with authorities and begin operating under the scrutiny of the Central Bank.

    The new rules that will be set in place will be mostly concerned with anti-money laundering and terrorist financing according to a statement by the De Nederlandsche Bank (DNB). The press release of the DBN reads that Crypto firms “must demonstrate that their processes are effectively designed to prevent money laundering and terrorist financing, and that board members and other policymakers adequately manage these processes.”

    The Dutch authorities will approach this matter using the European anti-money laundering directive which is an EU-wide set of regulations that were introduced last year.
    Nobert, Onra and dealmaker like this.
  2. Nobert


    ,,...Thank You. Heres one million for you...
    In cryptos..."

    Bobby Axelroad to one of his team members, after finishing a shady deal.
  3. Anyone care to take the short side against some of these firms already having foreign proxies in place?