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Bitnovo obtains VASP license from DNB in the Netherlands

TL;DR

  • 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.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Benson Mawira

Benson is a blockchain reporter who has delved into industry news, on-chain analysis, non-fungible tokens (NFTs), Artificial Intelligence (AI), etc.His area of expertise is the cryptocurrency markets, fundamental and technical analysis.With his insightful coverage of everything in Financial Technologies, Benson has garnered a global readership.

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