Tuesday, October 8, 2024
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Registration and Compliance Permits Required in Crypto Industry

Reuters reported that the Dutch central bank (DNB) has fined U.S. cryptocurrecy exchange Coinbase 3.3 million euros (US$3.6M) for failing to obtain the correct registration in the Netherland before offering services. 

The fine mirrors 100% to Coinbase rival Binance case of last July

Legal permits and related compliance policies become mandatory in crypto industry. 

HimalayaExchange is leading the industry and moving rapidly to obtain proper permits. 

References:

https://www.reuters.com/business/finance/dutch-central-bank-fines-cryptocurrency-exchange-coinbase-33-mln-euros-2023-01-26/

https://www.reuters.com/business/finance/ecbs-knot-sees-first-interest-rate-hike-fourth-quarter-2022-2022-02-06/

https://gettr.com/post/p26jykp71eb

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