Crypto.com is the latest cryptocurrency company to get permission from the Dutch central bank to operate in the country.
Following a thorough evaluation of Crypto.com’s operations and compliance with the country’s anti-money laundering and counter-terrorism funding requirements, the exchange announced that it had registered as a cryptocurrency service provider with De Nederlandsche Bank (DNB).
As previously reported, the Dutch central bank has 36 cryptocurrency-related businesses registered, including Coinbase Europe, eToro, and Bitstamp.
Before the registration announcement, Crypto.com’s services were available in the Netherlands.
According to Oudejans of DNB, Dutch-based customers are legally entitled to join up for a service, but a company without registration would be operating illegally if it marketed or advertised its services to Dutch-based.