{"id":64465,"date":"2023-11-14T07:23:04","date_gmt":"2023-11-14T11:23:04","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=64465"},"modified":"2023-11-14T07:23:07","modified_gmt":"2023-11-14T11:23:07","slug":"bitvavo-obtains-austrian-license-wins-dutch-court-case","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitvavo-obtains-austrian-license-wins-dutch-court-case\/","title":{"rendered":"Bitvavo Obtains Austrian License, Wins Dutch Court Case"},"content":{"rendered":"\n<p>Bitvavo has obtained a license from the Austrian Financial Market Authority, enabling it to offer its services in <a href=\"https:\/\/coinscreed.com\/staging\/austrian-finance-minister-calls-for-stricter-crypto-regulations.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Austria.<\/a> The company has also won a legal dispute with the Dutch government over supervision fees, challenging its strict approach to crypto regulation.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/Bitavo.jpg\" alt=\"Bitvavo Obtains Austrian License, Wins Dutch Court Case\n\" class=\"wp-image-64467\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/Bitavo.jpg 1000w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/Bitavo-300x200.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/Bitavo-768x512.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/Bitavo-18x12.jpg 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/Bitavo-750x500.jpg 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/bitvavo.com\/en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitvavo, <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>a crypto exchange that offers over <strong>200 digital assets,<\/strong> has secured a pivotal license from the Austrian Financial Market Authority. <\/p>\n\n\n\n<p>This approval marks a significant step in Bitvavo\u2019s European expansion, enabling the company to enter the Austrian market.<\/p>\n\n\n\n<p>The development is a key part of Bitvavo\u2019s ongoing efforts to comply with the European crypto market\u2019s regulatory framework following its success in the Benelux region and earlier approval in Italy. <\/p>\n\n\n\n<p>The company\u2019s application with the German Financial Supervisory Authority is under review, indicating further expansion plans.<\/p>\n\n\n\n<p>Bitvavo\u2019s foray into Austria aligns with its ambition to become a dominant player in the <a href=\"https:\/\/ecommercegermany.com\/blog\/the-complete-guide-to-understanding-the-dach-market\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">DACH market<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> (Germany, Austria, Switzerland) as Europe\u2019s premier regulated cryptocurrency exchange.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bitvavo-wins-legal-victory-in-the-netherlands\">Bitvavo Wins Legal Victory in the Netherlands<\/h3>\n\n\n\n<p>Bitvavo and Commerce, the Dutch successor to Binance, recently <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/dutch-crypto-companies-secure-partial-legal-victory-against-regulators-fees\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">celebrated a legal victory <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>in the Rotterdam court. <\/p>\n\n\n\n<p>The court ruled that they were not obligated to pay supervision fees, a decision that challenges the Dutch government\u2019s stringent approach to cryptocurrency enterprise regulation. <\/p>\n\n\n\n<p>This ruling could signal a potential shift in the Netherlands\u2019 regulatory strategy for the crypto sector.<\/p>\n\n\n\n<p>The legal skirmish between Bitvavo, Commerce, and the Dutch regulator revolved around fees exceeding <strong>$2.3 million. <\/strong>The court\u2019s decision, favoring Bitvavo and Commerce, reflects a growing resistance against governmental overreach in this sphere.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitvavo Compensates Customers Affected by Genesis Bankruptcy<\/h3>\n\n\n\n<p>Bitvavo has also laid out <a href=\"https:\/\/decrypt.co\/118901\/dutch-bitcoin-exchange-bitvavo-says-dcgs-payback-plan-not-acceptable\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">plans to reimburse its customers <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>affected by the bankruptcy of Genesis, a crypto lending platform that collapsed last year. <\/p>\n\n\n\n<p>The proposed compensation includes options like cash, digital assets, and convertible preferred equity notes denominated in <a href=\"https:\/\/coinscreed.com\/staging\/nyag-sues-gemini-genesis-dcg-for-1-billion-crypto-fraud.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">DCG. <\/a><\/p>\n\n\n\n<p>This move is crucial, considering Genesis\u2019 collapse had significant repercussions in the crypto market due to its links with other faltering crypto businesses.<\/p>\n\n\n\n<p>Bitvavo\u2019s strategic regulatory compliance, coupled with its customer-focused approach in the face of industry challenges, positions it as a notable entity in the evolving European cryptocurrency landscape. <\/p>\n\n\n\n<p>The company has over <strong>1.5 million users<\/strong> and processed over <strong>$10 billion <\/strong>in trading volume in the third quarter of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitvavo has obtained a license from the Austrian Financial Market Authority, enabling it to offer its services in Austria. The company has also won a legal dispute with the Dutch government over supervision fees, challenging its strict approach to crypto regulation. Bitvavo, a crypto exchange that offers over 200 digital assets, has secured a pivotal [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":64467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[17192,17193],"class_list":["post-64465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-bitavo","tag-dutch-regulator"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/Bitavo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=64465"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64467"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=64465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=64465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=64465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}