Crypto.com received a license from the Dutch Central Bank after Binance left the country

Crypto.com received a license from the Dutch Central Bank after Binance left the country

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Author: Robert Strickland (crypto expert)
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Crypto.com received a license from the Dutch Central Bank after Binance left the country

Cryptocurrency exchange Crypto.com received a license from the Dutch Central Bank after Binance left the country


The license was issued by the regulator following a review of the crypto exchange's business for compliance with the country's anti-money laundering laws

Crypto.com has been granted a license by the Dutch Central Bank (De Nederlandsche Bank, DNB) to provide crypto services. This comes just a month after another platform, the world's largest crypto exchange Binance failed to obtain such a license and was forced to withdraw from the Netherlands.

Crypto.com received the registration after checking its business for compliance with the Dutch legislation on the prevention of money laundering and terrorist financing, the company said in a statement

In June, Binance withdrew from the Dutch market as it was unable to obtain local registration and said it would wind down operations. In the summer of 2022, the country's central bank fined the crypto exchange €3.325 million, accusing it of illegally providing cryptocurrency services.

 

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