Crypto.com receives registration approval from Dutch Central Bank

Crypto.com secured registration approval from De Nederlandsche Bank (DNB) weeks after Binance exited the Netherlands after failing to register with the regulators.
Dot
July 28, 2023
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Kris Marszalek; Photo Source: Crypto.com (Youtube)
In the words of Kris Marszalek, CEO of Crypto.com, “This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance.” 

Crypto exchange Crypto.com has regsitered with the De Nederlandsche Bank (DNB). Following this development, the exchange can act as a crypto service provider in the Netherlands.

According to its blog post, the Singapore-based exchange managed to register with the Dutch central bank following a thorough review of its platform in compliance with the Netherlands' Money Laundering and Terrorist Financing Prevention Act.

The announcement came a few months after the exchange received the MVP Preparatory License from Dubai regulators. So far, 36 crypto platforms have already received regulatory approval from Dutch authorities. This includes OKCoin Europe LTD and Coinbase Euro Limited.



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The development is rather significant as rival exchange Binance recently failed to register with the DNB. In mid-June, Binance revealed its plans to exit the Netherlands and requested its Dutch clients to withdraw their assets from the platform.

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Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Crypto.com receives registration approval from Dutch Central Bank

HomeCrypto regulation
Contents
Kris Marszalek; Photo Source: Crypto.com (Youtube)
In the words of Kris Marszalek, CEO of Crypto.com, “This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance.” 

Crypto exchange Crypto.com has regsitered with the De Nederlandsche Bank (DNB). Following this development, the exchange can act as a crypto service provider in the Netherlands.

According to its blog post, the Singapore-based exchange managed to register with the Dutch central bank following a thorough review of its platform in compliance with the Netherlands' Money Laundering and Terrorist Financing Prevention Act.

The announcement came a few months after the exchange received the MVP Preparatory License from Dubai regulators. So far, 36 crypto platforms have already received regulatory approval from Dutch authorities. This includes OKCoin Europe LTD and Coinbase Euro Limited.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The development is rather significant as rival exchange Binance recently failed to register with the DNB. In mid-June, Binance revealed its plans to exit the Netherlands and requested its Dutch clients to withdraw their assets from the platform.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

In the words of Kris Marszalek, CEO of Crypto.com, “This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance.” 

Crypto exchange Crypto.com has regsitered with the De Nederlandsche Bank (DNB). Following this development, the exchange can act as a crypto service provider in the Netherlands.

According to its blog post, the Singapore-based exchange managed to register with the Dutch central bank following a thorough review of its platform in compliance with the Netherlands' Money Laundering and Terrorist Financing Prevention Act.

The announcement came a few months after the exchange received the MVP Preparatory License from Dubai regulators. So far, 36 crypto platforms have already received regulatory approval from Dutch authorities. This includes OKCoin Europe LTD and Coinbase Euro Limited.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The development is rather significant as rival exchange Binance recently failed to register with the DNB. In mid-June, Binance revealed its plans to exit the Netherlands and requested its Dutch clients to withdraw their assets from the platform.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande