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- Bitnovo secured a VASP license from the Dutch Central Bank.
- The achievement underscores Bitnovo’s commitment to regulatory compliance and transparency.
- The exchange can offer its services to Dutch residents while upholding regulatory standards.
Cryptocurrency service provider Bitnovo has just officially registered as a Virtual Assets Provider (VASP) with the Dutch Central Bank (De Nederlandsche Bank, DNB). The company, based in Spain and internationally recognized, will now be able to offer its services for buying and selling digital assets in full compliance with the legislation required by the Dutch regulator.
Bitnovo milestone achievement
Aitor Ibarrola, Director of Operations at Bitnovo, highlights that this registration is an important step for the company:
“We are proud of the great work we have done in terms of regulatory compliance; we have obtained authorization from the Bank of the Netherlands. It is a significant achievement considering that even large companies in the sector have not been able to do so.”
Compliance and transparency
The Director of Operations also added that Bitnovo is now able to operate smoothly and comply with local regulations. The Company continues to work transparently with the aim of facilitating the buying and selling of cryptocurrencies to democratize access for as many people as possible.
Currently, most companies that have obtained this license as providers of digital asset services (VASP) are located in the Netherlands. However, Bitnovo presents itself as an international option and already has the necessary authorization to offer its services and conduct marketing campaigns specifically targeted at all Dutch residents with full regulatory assurance.
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Brian Koome
Brian Koome has over seven years of experience in blockchain and cryptocurrency reporting, having been active in the industry since 2017. He has contributed to leading publications, including BlockToday.com. Further, he developed the Ethereum 101 course for BitDegree.org before joining Cryptopolitan as a full-time writer. Brian covers evergreen guides (EGs), deep dives, interviews, and price analysis. His focus on DeFi, blockchain innovation, and emerging crypto projects delights readers.
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