Tuesday 3 September 2019
The Dutch central bank has today announced it must begin supervising cryptocurrency companies (including wallet providers) under the fifth European anti-money laundering directive, which came into effect in July. Firms that offer services to exchange between cryptocurrency and “regular money” (fiat) are now forced to register with De Nederlandsche Bank (DNB) before 10 January 2020, and are advised to contact DNB as soon as possible. “Cryptos are vulnerable to financial crime, which is why it is important to set up integrity supervision now,” said a DNB statement published today. In addition to demanding such cryptocurrency companies to register, the DNB will…
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