Dutch central bank to start supervising crypto firms
New powers result from implementation of EU directive tackling anti-money laundering
The Netherlands Bank (DNB) will start regulating and supervising firms providing crypto asset services in the country in 2020.
On September 3, the Dutch central bank announced that national authorities “are required to start supervising these businesses under the fifth European anti-money-laundering directive (AMLD5) and its implementation in Dutch law”.
The legislation affects firms offering exchange services between virtual money (cryptos) and regular money.
“Crypto wallet providers are
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