The Netherlands is a country in western Europe with a population of around 17 million. The Netherlands has a developed economy built on agriculture, natural gas, machinery, chemicals and metallurgy. In 2017, the World Intellectual Property Organization ranked the Netherlands as the third most innovative country in the world. The Netherlands has the 17th largest economy and is one of financial centers of the world. The Dutch government sees banning cryptocurrencies as an impractical move and wants to regulate the financial institutes that are working with it. The Netherlands has no Bitcoin tax and has no plans of making it illegal, but the Netherland Bitcoin exchanges will be subject to future regulatory frameworks. All firms working with cryptocurrencies would be covered by anti-money laundering procedures and be obliged to gather a lot of information about their customers.
"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.
Dutch libertarian posts political campaign signs that read 'Bitcoin is the future'
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 shou...
Law Decoded: All vs. One and One vs. All, Jan. 22-29
One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law.
Dutch Bitcoin exchange drags central bank to court over wallet KYC rule
Bitstamp traders based in the Netherlands now have even more regulatory hoops to scale before being able to withdraw their funds.
Dutch crypto exchange users bemoan additional KYC requirements
To comply with Dutch regulations, Netherlands-based Bitstamp users can no longer make withdrawals without first providing photographic proof they own the recipi...
Bitstamp imposes KYC for Dutch traders withdrawing to external wallets
Unique in Europe, the Dutch central bank now requires Bitcoin exchanges to prove that their users actually control their withdrawal addresses.
Dutch Bitcoin firm reluctantly tightens rules at central bank’s behest
In the U.S., all eyes are on Joe Biden's planned appointees, while Europe is seeing progress under a new AML regime.
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