Minister Wopke Hoekstra said the Netherlands should not prohibit citizens from using digital currency entirely, but should instead take a supervisory approach, both at a national and European level.
DNB has reversed its decision to tighten up the rules around withdrawals from digital currency exchanges, over concerns the measures amounted to an unnecessary invasion of customer privacy.
What is Bitcoin and why does it matter” is the first of four MOOCs launched by the Bitcoin Association in partnership with the Saxion University of Applied Sciences in the Netherlands.
The digital asset exchange has said users will now be banned from withdrawals unless they are able to verify their ownership of external wallets.
Regulator De Nederlandsche Bank adopted the European Union’s Fifth Anti-Money Laundering Directive (AMLD5) in April 2020.
The De Nederlandsche Bank is requesting that companies who provide these services register with the DNB before May 18.
Bittr, a BTC savings service based in the Netherlands has announced that it’ll shut down on April 28, blaming the way AMLD5 has been implemented in the country.
Central bank digital currencies could be a viable and positive alternative to fiat that could restore trust in the monetary system.
The Netherlands intend on introducing harsher punishments for its crypto scammers and digital money criminals who’ll now face up to six years in jail.
This past September, Dutch billionaire John de Mol made it clear that he wasn’t happy with his likeness being used to promote cryptocurrency.
The founder of Komodore64 is said to have raised $86M, but he never paid his suppliers or employees, and the company is now bankrupt.