Skip to main content

39 Firms Have Applied to Offer Crypto Services Under New Regulation, Says Dutch Central Bank

 


Thirty-nine companies have applied for registration with the Dutch central bank to provide cryptocurrency services, the regulator told news.Bitcoin.com. 

They include crypto exchanges and custodial wallet providers.

Dutch Central Bank Begins Registering Crypto Service Providers

De Nederlandsche Bank NV (DNB), the Dutch central bank, has started actively registering companies to provide cryptocurrency services.

As a result of the implementation of the fifth EU Anti-Money Laundering Directive (5AMLD), providers of exchange services between cryptocurrencies and fiat currencies and providers of custodial wallets must apply for registration with the central bank. 

They must demonstrate compliance with the requirements of the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act of 1977.

The 5AMLD implementation went into effect on May 21 in the Netherlands. Since then, cryptocurrency service providers can only carry out their activities if they are included in the public register of the central bank.

A spokesperson for the Dutch central bank told news.Bitcoin.com:

So far we received 39 applications.

According to the public register on the central bank’s website, four companies have been granted registration to offer crypto services. 

They are Rotterdam-based 2525 Ventures, Amsterdam-based Amdax, Nijmegen-based Blox, and Veghel-based Phoenix Payments.

2525 Ventures also operates under the trade names Litepay, Lightpaid, Lightbit, Litewallet, Litedeal, and Litebit. Phoenix Payments also operates as Anycoin Direct.

“It was with great pride that we received the good news that we were one of the first parties to successfully complete the registration process,” Anycoin Direct CFO Bram Ceelen commented, elaborating:

It was a tough challenge to go through this process. We made significant adjustments to our order process in order to meet the registration requirements.

Companies that were already providing cryptocurrency services before May 21 and have applied for registration before that date can continue to perform crypto activities during the registration process.

The central bank “only supervises compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act 1977,” it explained. “

The registered companies are not subject to the prudential supervision of DNB or the conduct supervision of the AFM [Authority for the Financial Markets]. 

This means that financial business risks are not monitored and there is no specific financial consumer protection.”


Comments

Post a Comment

Contact us

Name

Email *

Message *

Popular posts from this blog

For my haters

₿  This is for people who told me to not put my money in Bitcoin 10 years ago 😂 RIP doubters and haters. #Bitcoin 💀 pic.twitter.com/sbuDljJtMv — Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) May 13, 2025
Post a Comment
Read more

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

  Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move  does not seem to be going over well  with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a  FAQ provided by Coinbase , for Canadian users, ...
Post a Comment
Read more

Jupiter plugin on your site

 Jupiter launches Jupiter Plugin , a customizable plugin that doesn't require RPC. PANews reported on August 7th that Jupiter announced the launch of the Jupiter Plugin.  This is an open-source, lightweight, plug-and-play version of Jupiter that allows users to seamlessly integrate end-to-end swap functionality into their applications with minimal effort.  Users can deploy it by simply adding a few lines of code.  Seamless Integration Embed Jupiter's Swap functionality directly into your application without redirection.  Multiple display options: Choose between integrated, widget or modal display modes.  Customizable options: Configure the exchange form to suit your application needs.  No RPC: Plugins can be integrated without any RPC, Ultra is responsible for handling transaction sending, wallet balance and token information.  Ultra Mode: Access all Ultra Mode features. Enjoy!
Post a Comment
Read more