Challenges plague Binance since the SEC charges came to light, this time concerning its failure to secure a license in the Netherlands and a probe in France tied to alleged money laundering.
While some, like Hong Kong, have modified their regulatory outlook to attract VASPs and investors, Dutch AFM says it will keep being hard on the industry.
mintBlue CEO Niels van den Bergh details how its blockchain-based verification system could reduce the amount of money lost to fraud without the need to have deep coding and blockchain knowledge.
Coinbase has until March 2 to object to the fine, but the company has already said it believes the fine to be unjust, given how long it took the exchange to obtain Dutch registration.
The DNB alleges that KuCoin does not comply with the Anti-Money Laundering and Anti-Terrorist Financing Act; it also claims that it has been "illegally offering services for the exchange."
Tornado Cash developer Alexey Pertsev will remain in Dutch custody until February after being identified as a flight risk and slammed with a new money laundering charge.
In 2014, 10 merchants along one of the canals in the Netherlands decided to accept Bitcoin as the mode of payment from their customers—their street became known as The Bitcoin Boulevard.
Despite protests from the likes of Kraken’s Jesse Powell and Uniswap’s Hayden Adams, Tornado developer Alexey Pertsev was denied bail in the Netherlands.
The recently arrested software developer behind the Tornado Cash ‘coin mixer’ reportedly has links to Russia’s top security agency, adding yet another layer of controversy to an already sketchy ‘crypto’ service.
Dutch Fiscal Information and Investigation Service said the coin mixer had been used to launder over a billion dollars in criminal proceeds, including a hacker group with connections to North Korea.
More troubles loom for digital assets firms like Celsius Network and Binance; meanwhile, Dubai launches its new 'metaverse strategy' that aims to open 40,000 virtual jobs by 2030.
Binance has been slapped with a seven-figure fine after Dutch central bankers lost patience with the controversial digital currency exchange’s unwillingness to play by the rules.
