Welkom to Holland, Coinbase! The crypto exchange has been approved to enter the Netherlands by the Central Bank.
The United States-based cryptocurrency exchange Coinbase continues its aggressive expansion in Europe, with the latest regulatory approval coming from the land of tulips.on Thursday that it had received registration from De Nederlandsche Bank , the central bank of the Netherlands. The regulatory approval allows Coinbase to offer its retail and institutional crypto products in the Netherlands.
“The crypto services of Coinbase are not subject to prudential supervision by DNB,” Coinbase said in the announcement. Financial and operational risks related to crypto services are not monitored,"and there is no specific financial consumer protection.”guidance dedicated to policy on sanctions screening for crypto transactions on Sept. 16. In the Q&A document, DNB warned about various risks associated with cryptocurrencies, including anonymity.
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