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Category: Dutch Central Bank
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Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations
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Dutch Bitcoin Exchange Files Preliminary Injunction to Suspend Wallet Verification Rule Enacted by the Netherlands
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New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also need to inform the exchange officials of the […]
The post New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin appeared first on Bitcoin News.
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3 Major Signs That Precede the Fall of World Reserve Currencies
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon, statistically speaking. But it’s not mere guesswork, […]
The post 3 Major Signs That Precede the Fall of World Reserve Currencies appeared first on Bitcoin News.
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Dutch Central Bank Will Supervise Bitcoin Service Providers in 2020
Regulatory changes in the cryptocurrency world are always contentious. Many people see the benefits, whereas others oppose any changes. In the Netherlands, a lot of major changes are coming to cryptocurrency service providers. All of these changes seem to be directed at fostering the Bitcoin industry moving forward. The new requirements will go in effect in January of 2020. Dutch Central Bank Oversight The big change coming next year is how the Dutch central bank will supervise cryptocurrency service providers. More specifically, all brokers, exchanges, wallet providers, and others will need to officially notify the central bank regarding their intentions.
The post Dutch Central Bank Will Supervise Bitcoin Service Providers in 2020 appeared first on The Merkle Hash.
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