Bybit expands to Europe, launches Dutch platform Bybit.nl
Bybit, a leading global cryptocurrency exchange, has announced its expansion into the European market. This development comes in view of the exchange looking for fresh prospects after encountering regulatory issues in Hong Kong. Bybit announced that Bybit.nl, a digital asset platform specifically designed for the Dutch market, was launched on March 28. The platform is […]
Netherlands imposes fine on Cryptocom over registration breaches
The Netherlands’ central powerhouse, De Nederlandsche Bank (DNB), has slapped Crypto.com with a huge fine. Why? Well, for the audacious stunt of bypassing registration requirements for a what is reportedly a long time. I’m talking about a solid two years plus of “forgetting” to register while offering crypto services. The $3 million (€2.85 million) fine […]
Gemini halts Dutch operations amid strict DNB regulations
Gemini cryptocurrency exchange has recently decided to suspend operations in the Netherlands, effective November 17, 2023. This decision directly results from the stringent crypto regulations imposed by De Nederlandsche Bank (DNB), the Dutch central bank. This move follows a similar exit by Binance earlier this year, marking a trend of operational halts within the country’s […]
Crypto.com earns regulatory green light in the Netherlands
Crypto.com, a prominent cryptocurrency exchange, has achieved a groundbreaking feat by obtaining registration clearance from the Dutch Central Bank (DNB) to offer its cryptocurrency services in the Netherlands. The DNB’s approval comes after Crypto.com diligently adhered to the country’s Money Laundering and Terrorist Financing (Prevention) Act (Wwft), showcasing the exchange’s dedication to meeting stringent regulatory […]
Netherlands pushes for tighter EU regulations on crypto
The Netherlands government has voiced its concern over the increasing use of digital currencies in consumer apps and video games, stressing the need for stricter consumer protections in the European Union, especially for young users. This move underscores a greater push for a tighter regulatory framework surrounding cryptocurrencies, ensuring they’re used responsibly and effectively, particularly […]
Binance to refer Dutch users to Coinmerce in exit from Netherlands
Binance will be exiting the Dutch market on July 17, 2023. As part of this exit plan, Binance has reached an agreement with Coinmerce, a registered crypto platform, to refer hundreds of thousands of Dutch users to their platform. This referral is set to make Coinmerce the largest crypto platform in the Netherlands in terms […]
Dutch regulator vows no leniency for crypto under MiCA
The Dutch Authority for the Financial Markets (AFM) has announced that it will maintain its tough stance towards the digital assets sector despite looser European rules. Dutch authorities maintain tough stance despite looser EU rules The Chair of the agency, Laura van Geest, noted that most countries in the West are tightening the reins on […]
Binance is cutting futures and derivative offerings for Europeans
TL;DR Breakdown: Binance is planning to terminate futures and derivative products offering for Europeans. Effective today, users in Germany, Italy, and the Netherlands won’t be able to open new positions in such products. This comes after the exchange announced the reduction of the max leverage for futures trading to 20x. Leading exchange, Binance announced Friday […]
CPB head wants to ban cryptocurrencies
TL;DR Breakdown • Pieter Hasekamp, CPB head, indicates that the cabinet should ban cryptocurrencies.• Cryptocurrencies could suffer an inevitable collapse, which is a huge risk for investors and the government. Pieter Hasekamp, the central planning office CPB head, claims that cryptocurrencies will collapse and inevitable. He indicates that the Netherlands should ban cryptocurrencies immediately to […]
Dutch Bitstamp new requirement of proof of income for withdrawal irks users
TL;DR Breakdown Bitstamp users query exchange new KYC regulation. Netherland exchange fumes at authorities KYC regulation. Bitcoin Marcus, a Bitstamp user, has queried the Netherland exchange firm about why they have become stricter with their Know-Your-Customer regulations before users can withdraw their funds. The exchange firm has demanded additional KYC compliance for Dutch-based users asking […]
Bitcoin halving Google data shows Europe with highest interest
The latest Bitcoin halving Google data indicates that Europe leads in terms of interest in the event. However, the Netherlands leads globally in the search for ‘Bitcoin halving’. The event takes place in less than a week driving Google searches north. According to Google data, the interest in the event has been skyrocketing since the […]
Deploying blockchain technology for a safer post-pandemic world
Netherlands-based blockchain ticketing platform GUTS is effectively using the blockchain technology to device a digitized access system that mitigates the risks arising from easing of lockdown restrictions. A world post-quarantine seemed like a far-fetched idea a few weeks back as the coronavirus pandemic continued to penetrate deep into every corner around the globe and wreak […]
Digital Euro: Dutch central bank wants to play “leading role” in CBDC development
The central bank of the Netherlands, De Nederlandsche Bank (DNB), wants to become the proving ground for the digital Euro. The bank released a 45-page report saying that it was ready to “play a leading role” in the research and the development of its own and a Europe-wide digital currency. Digital Euro A digital dollar […]
Digital currency craze catches up with Dutch Central Bank
The digital currency craze has caught up with the Netherlands Central Bank (DNB). The bank wants to be part of developing and testing the digitalized Euro. There is a significant shift from using fiat and the central bank digital money is planned to cash in on the anticipated boom going forward. Crypto usability has played […]
Dutch tech companies team up in fight against coronavirus outbreak
As many as ten Dutch tech companies have come together to lead an initiative called the Tech Against Corona to help the Dutch government in its uphill battle against the panic-causing coronavirus outbreak, Public Matters reported on 26th March 2020. By now, almost every country has realized that if there is one practical application of […]
PHBC announces blockchain monitor to track virus-free zones
The Public Health Blockchain Consortium (PHBC) has announced the launch of a blockchain monitor for adequate, continual, and systematic tracking of movement in virus-free zones and ensuring that no infected person enters the earmarked safe zones. The deadly coronavirus pandemic has left the world in the lurch. In these testing times, technological advancements are emerging […]
