Crypto.com exchange has registered in the Netherlands and received permission from De Nederlandsche Bank to offer services there.
The exchange announced that it had registered as a cryptocurrency service provider with De Nederlandsche Bank (DNB) after thoroughly examining Crypto.com’s business practices and compliance with the country’s Anti-Money Laundering and counter-financing of terrorism requirements.
As previously reported, the Dutch central bank has registered 36 cryptocurrency-related enterprises, including Coinbase Europe, eToro, and Bitstamp.
Tobias Oudejans, DNB press officer for supervision, fintech, cryptocurrencies, resolution, and payment systems, told Cointelegraph that due to the legal requirements of supervisory laws, the DNB could not comment on specific registrations.
Oudejans clarified that the registration permits cryptocurrency service providers to provide cryptocurrency wallets to clients and process fiat currency on cryptocurrency exchanges.
The Netherlands had access to Crypto.com’s services before the registration announcement. Oudejans said it is permissible for Dutch users to sign up for a service. Still, it would be illegal for an unregistered company to solicit or advertise its services to Dutch users.
Binance recently announced that it would abandon efforts to register as a cryptocurrency service provider in the Netherlands and cease operations there, as it could not obtain DNB approval.
