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.
Cryptocurrency firms will be obliged to register with the De Nederlandsche Bank from early 2020, and those that fail to do so will no longer be allowed to trade.
The Netherlands wants to put an end to money laundering, and they are looking at the crypto market as one of the problems.
Facebook has once again found itself in an unsettling predicament, breaking rules that it has enforced on its own platforms.
Rabobank have decided not to offer crypto wallets, citing regulatory uncertainty and skepticism from their customers.
Authorities have taken down “multi-million Euro cryptocurrency laundering service” Bestmixer.io in what they described as the first law enforcement action of its kind.
Dutch authorities arrested a 33-year-old businessman over allegations of defrauding investors through a crypto mining fraud.
ABN AMRO got the message that nobody wanted their BTC custodial wallet, so they’ll be working on a blockchain inventory instead.