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The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without
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American crypto exchange Coinbase plans to protest a weighty fine imposed by the Dutch central bank over “non-compliance” violations. Coinbase (NASDAQ: COIN) has received a $3.6 million fine from the Dutch central bank for offering unregistered crypto services to customers in the country. According to the Dutch apex bank, Coinbase’s Europe
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"The base amount [of the fine] has been increased due to the severity and degree of culpability of the non-compliance," the Dutch central bank said, adding that it had also taken account of the scale of Coinbase's Dutch customer base and the competitive advantage it had gained by not paying
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De Nederlandsche Bank (DNB), the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26. The exchange reportedly failed to obtain the necessary registration to offer services in the Netherlands prior
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With over $159 billion quarterly crypto traded volume from more than 108 million verified users, Coinbase has attracted more institutional investors during the 2022 bear market.Coinbase Global Inc (NASDAQ: COIN), a centralized publicly traded cryptocurrency exchange, recorded a slight bump in trading volume in January 2023, according to a report
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Place/Date: - January 25th, 2023 at 5:16 am UTC · 4 min read Source: Orbeon Protocol A few cryptocurrencies recently gained momentum, and gathered the interest of investors. Among them, the current trends are focused on the increasing popularity of Gala (GALA),
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Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on February 3rd after reportedly making an estimated $105 million in stock sales. According to disclosures filed with the Securities and Exchange Commission, Chatterjee will also retain 249,315 shares of Coinbase stock. At the time of publication,
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Competitors of Coinbase, including Binance and Gemini, are grappling with the ripple effects of FTX’s collapse, which has triggered increased scrutiny over unregulated exchanges in the industry, making Coinbase one of the few options for investors to trade crypto without significant risk of fraud. Source
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Cathie Wood's Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November's Bitcoin (BTC) price lows, the latest data shows.Cathie Wood's Ark short-term cautious on GBTCArk Invest added 450,272 GBTC shares worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. At the time,
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The world’s largest cryptocurrency exchange Binance was in the crossfire of critics for a long time after the FTX collapse. In particular, there was harsh criticism because of an opaque proof of reserves issued by the auditing firm Mazars, which paused the cooperation with the exchange shortly thereafter. Over the turn
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