Major global crypto exchange Bybit announced the launch of Bybit.nl as a new regulated crypto trading platform in the Netherlands.
Netherlands News
A country that forms part of the European Union, the Netherlands boasts a market economy — a type of economy in which supply and demand spur activity. The Netherlands is home to approximately 17 million people, with Dutch as its main language and Amsterdam as its capital. Holland refers to a pair of specific provinces within the Netherlands.
Due to its affiliation with the EU, crypto regulations have tightened in the Netherlands, requiring crypto companies to comply with the 5th Anti-Money Laundering Directive, or 5AMLD. The regulations require entities to provide a specific amount of information on themselves in addition to their customers. These regulations have impacted businesses in the cryptocurrency space.
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The cryptocurrency exchange filed an objection to the fine, but went on to register and continue operating in The Netherlands.
11184Kraken was granted a VASP registration with the Dutch Central Bank, enabling it to offer exchange, transfer, custody and wallet services for virtual assets in the country.
7617The announcement was made in a publication outlining the government’s strategy for taking advantage of generative AI systems such as ChatGPT while protecting against risks.
1320The Dutch cryptocurrency exchange Bitvavo is slowly expanding its reach after gaining regulatory approval in Austria and France.
1817The J5 generates significant leads through events, which, in the past, has helped uncover multimillion-dollar crypto Ponzi schemes, such as the BitClub Network.
13116The United Nations Educational, Scientific and Cultural Organization and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area.
7654Kraken is set to acquire the Netherlands-based cryptocurrency platform as part of its European expansion plans.
3201The company cites the inability to meet regulators’ requirements but says it intends to return to the Dutch market.
4086Conversations with key speakers at the Blockchain Expo Europe in Amsterdam suggest that cryptocurrency exchanges and companies see the continent as a key region for growth.
13012The Dutch bank used Tokeny’s platform to issue and manage digital green bonds operating on Polygon’s layer-2 Ethereum protocol.
4121The exchange received the green light from De Nederlandsche Bank to offer services in the country.
4234A reported hundreds of thousands of users based in the Netherlands will have the opportunity to move their assets to Coinmerce for free as Binance winds down operations.
5535Dutch investors now have access to a Bitcoin equities exchange-traded fund on the Euronext Amsterdam stock exchange.
5926De Nederlandsche Bank cannot share details of Binance’s registration failings in the country due to the confidentiality requirements of its supervisory laws.
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