Crypto.com registers in the Netherlands after Binance failed

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By BitcoinWiki News

Key Takeaways:

– Crypto.com secures registration with the central bank of the Netherlands
– Registration follows a comprehensive review of business and compliance
– Aligns with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act
– Collaboration with regulators is important to Crypto.com
– Parent company, Foris DAX Global Limited, to be listed in DNB’s public register as a crypto service provider
– Other crypto firms to secure registration in the Netherlands include Coinbase Europe, Bitstamp Europe, and Hidden Road Partners
– Binance left the Dutch market after failing to secure registration, but will continue dialogue with regulators
– The central bank of the Netherlands refuses a crypto applicant if they fail to submit required information or if the information is incorrect


Crypto.com has received registration from the central bank of the Netherlands to provide crypto services, just a month after Binance failed to secure registration and exited the country. The registration approval came after a comprehensive review of Crypto.com’s business and compliance practices. CEO Kris Marszalek emphasized the importance of collaborating with regulators to responsibly advance the crypto industry. This registration marks a significant milestone for Crypto.com, which has also received regulatory approvals in other jurisdictions including Singapore, France, Italy, the U.K., Dubai, and Australia. Binance, on the other hand, left the Dutch market after failing to secure registration, but expressed intentions to continue dialogue with Dutch regulators. In the Netherlands, several other crypto firms have successfully secured registration, including Coinbase Europe, Bitstamp Europe, and Hidden Road Partners. The central bank of the Netherlands, DNB, refuses registration if required information is not submitted or if the submitted information is incorrect. The bank also refuses registration if policymakers or co-policymakers are found to be unfit or improper.

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