Netherlands Seeks Input on Crypto Tax Monitoring Laws to Align with EU
The Dutch government intends to align its data collection standards for crypto service providers with the rest of the EU, claiming this will “create more transparency.” The Dutch government is seeking public feedback on proposed legislation requiring cryptocurrency service providers, including exchanges, to collect and share user data with the local tax agency, which aligns with European […]
UNESCO, Netherlands Partner for EU AI Supervision Project
The United Nations’ UNESCO and the Dutch government have partnered to launch a framework for the ethical supervision of artificial intelligence (AI) in the European Union. The Dutch Authority for Digital Infrastructure and the United Nations Educational, Scientific, and Cultural Organization (UNESCO) formally launched the “Supervising AI by Competent Authorities” project on October 5, through […]
Gemini to Cease Offering Crypto Services in Netherlands
Cryptocurrency exchange Gemini will stop offering services to customers in the Netherlands from November 17, citing regulatory pressures. Reddit sources claim that the exchange informed its customers in the nation of its decision to go into effect on November 17, 2023. Gemini attributed the decision to the DNB’s rules regarding cryptocurrency exchanges. It hasn’t, however, […]
Gemini Quits the Dutch Market Due to Compliance Issues
Gemini, a leading crypto exchange based in New York, has announced that it is suspending its services in the Netherlands due to the requirements imposed by the Dutch central bank. Gemini says that it hopes to return to the Dutch market after complying with the new EU rules on crypto assets. The Dutch central bank, […]
Crypto.com Receives Approval to Operate in the Netherlands
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 […]