Dutch Central Bank to regulate crypto firms by January 2020

Dutch ministers had urged the country’s government in July to look after and regulate certain cash payments and cryptocurrencies due to suspicion and concerns about money laundering.

The Dutch central banks have finally announced that they will start regulating the firms that deal with cryptocurrency-related services from 10th January 2020. The De Nederlandsche Bank has asked the relevant firms to register with the institution to continue their operations.

Dutch Minister of Finance, Wopke Hoekstra received an advice letter from the Netherlands Authority for the Financial Markets and De Nederlandsche Bank suggesting a licensing system to be introduced for cryptocurrency firms and their services.

Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

Leave a reply

Please enter your comment!
Please enter your name here