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The central bank of the Netherlands, De Nederlandsche Bank, has issued a warning to investors in KuCoin, saying the exchange was operating without legal registration.In a Dec. 15 announcement, the central bank said MEK Global Limited, or MGL, which does business in the Netherlands as KuCoin, was not in compliance
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KuCoin, which doesn’t have a license in the U.S., operates in over 200 countries and is one of the largest cryptocurrency exchanges worldwide by trading volume, partly because of its low trading fees. The exchange launched in the Netherlands in October 2019. Source
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Coinbase follows rival crypto exchanges such as Binance, which registered in France, and Bitstamp, in Italy, in gaining regulatory approval in individual European countries this year, in theory making it easier to operate across the EU once MiCA becoming law. Source
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The 39-year-old is suspected of laundering tens of millions of euros obtained from malicious software using decentralized crypto exchange Bisq and the monero privacy coin, police said. Source
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At a closed-door hearing in Den Bosch, the Netherlands, held Wednesday, Pertsev’s lawyers sought for him to be offered bail. That request was rejected by the judge, but the court nonetheless set an 90-day time limit within which an initial public hearing must take place, a spokesperson for the Dutch
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The FIOD statement is “more FUD, more fear, uncertainty and doubt, coming from Dutch regulators and from Dutch institutions. It’s not good,” she said. Blanc is the founder of cryptocanal.org, a Web3 events and consultancy company. “Let’s stay competitive, let’s have clear laws … this creates uncertainty.” Original Source
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Authorities in the Netherlands have arrested a developer suspected to be involved in money laundering through the crypto mixing service Tornado Cash.The Fiscal Information and Investigation Service (FIOD), an agency in the Netherlands responsible for investigating financial crimes, officially announced the arrest of a 29-year-old man in Amsterdam on Friday.The man
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The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De
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“I maintain that the trade in crypto derivatives should be restricted to wholesale trade,” said Paul-Willem van Gerwen, head of Capital Markets and Transparency Supervision at the Dutch Authority for Financial Markets (AFM). He cited the risks of markets that are opaque, and prone to manipulation and other criminal activity. Original
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