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.