Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Coinbase Receives Approval to Offer Full Suite of Crypto Products in the Netherlands – Exchange Bitcoin News
Crypto exchange Coinbase has received approval to offer its full suite of retail and institutional crypto products and services in the Netherlands. “We have taken steps to work with governments, policymakers and regulators to responsibly shape the future,” Coinbase said.
Dutch regulator approves Coinbase
Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Thursday that it “has registered with the Dutch Central Bank (De Nederlandsche Bank – DNB) as a crypto service provider.” Announcement Details:
This registration will allow Coinbase to offer our full suite of retail, institutional and ecosystem products to customers in the Netherlands.
“We are proud to be the first major global crypto exchange to receive DNB registration approval,” the company asserted, noting that Coinbase Europe Ltd. and Coinbase Custody International Ltd. both are listed in DNB’s public register as providers of crypto services.
Nana Murugesan, Coinbase’s vice president of international and business development, commented:
We have taken steps to work with governments, policy makers and regulators to responsibly shape the future.
“The Netherlands is a critical international market for crypto, and I am very excited for Coinbase to bring the potential of the crypto economy to the market here,” the executive said.
Coinbase explained that it serves customers in nearly 40 European countries through dedicated hubs in Ireland, the UK and Germany. The company is also pursuing further registrations or license applications in several major markets.
In August, the Dutch central bank warned that Binance was illegally offering crypto exchange services in the country. “This could increase the risk of customers becoming involved in money laundering or terrorist financing,” the regulator warned at the time. In July, DNB said it fined Binance Holdings $3.4 million due to “very serious” violations. The crypto exchange then applied for authorization to operate in the country from the central bank.
What do you think about Coinbase getting approval to offer its full suite of crypto products and services in the Netherlands? Let us know in the comments section below.
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