Dutch finance minister Wopke Hoekstra is confident that supervision is more effective than banning crypto outright.
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.
The Netherlands must ban the mining, trading and holding of Bitcoin because it doesn’t meet any of the three functions of money and is handy for criminals, one Dutch official argued.34605
Any employee who earns more than minimum wage will have the option for the excess salary to be paid in crypto.32878
Stringent KYC requirements notwithstanding, the Dutch central bank still does not know how many crypto investors are in the Netherlands.6824
"I wanted to have something that stood out and showed people that we embraced Bitcoin as a solution for a revolution," said the party chairman.20651
In a week that saw meme-driven investors rail against Robinhood in what coverage painted as a David and Goliath story, considerations of who exactly policy should defend flared up.57355
One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law.10194
Bitstamp traders based in the Netherlands now have even more regulatory hoops to scale before being able to withdraw their funds.5675
To comply with Dutch regulations, Netherlands-based Bitstamp users can no longer make withdrawals without first providing photographic proof they own the recipient wallet.6464
Unique in Europe, the Dutch central bank now requires Bitcoin exchanges to prove that their users actually control their withdrawal addresses.6737
In the U.S., all eyes are on Joe Biden's planned appointees, while Europe is seeing progress under a new AML regime.5860
Everyday investors in the Netherlands can now invest in crypto, thanks to company's new registration.26882
The Netherlands has imposed tight regulations related to EU anti-money laundering laws.6237
The Port of Rotterdam's Innovation Dock has been testing a high-frequency decentralized energy market for renewables since August.3506
A Dutch court ruled against Apollo for cloning over 75% of its code from blockchain developer Jelurida’s code but failing to adhere to the terms of its license.2564