{"id":42124,"date":"2023-07-29T22:53:52","date_gmt":"2023-07-30T02:53:52","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/crypto-com-receives-registration-approval-from-the-dutch-central-bank-heres-the-latest\/"},"modified":"2023-07-29T22:53:55","modified_gmt":"2023-07-30T02:53:55","slug":"crypto-com-receives-registration-approval-from-the-dutch-central-bank-heres-the-latest","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42124","title":{"rendered":"Crypto.com Receives Registration Approval From The Dutch Central Bank \u2013 Here\u2019s the Latest"},"content":{"rendered":"<div>\n<p style=\"text-align:justify;\">Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services provider.<\/p>\n<p style=\"text-align:justify;\">Contributing to Crypto.com\u2019s regulatory license momentum, the approval follows a \u201ccomprehensive review of Crypto.com\u2019s business and compliance in line with the Netherlands\u2019 Money Laundering and Terrorist Financing Act,\u201d the company statement read.<\/p>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/cryptocom\/status\/1684807545834332160\" loading=\"lazy\"><\/oembed><\/figure>\n<p style=\"text-align:justify;\">The Dutch central bank has so far registered 36 crypto businesses including BitPay, Bitstamp and Coinbase\u2019s European arm. Having received approval as a crypto service provider, Crypto.com can provide exchange services from fiat to virtual assets such as Bitcoin (BTC) and Ether (ETH) and offer customers a crypto custodial wallet, the central bank noted.<\/p>\n<p style=\"text-align:justify;\">Kris Marszalek, CEO of Crypto.com asserted that collaborating with regulators to responsibly move forward in the industry is of \u201cparamount importance\u201d for the company.<\/p>\n<blockquote>\n<p style=\"text-align:justify;\">\u201cThis registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align:justify;\">Crypto.com has secured licenses from various jurisdictions worldwide including a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore, registration as a crypto-asset business from the UK\u2019s Financial Conduct Authority (FCA), and from authorities in Dubai, South Korea, Australia, the USA, among others.<\/p>\n<h2 style=\"text-align:justify;\">Prominent Crypto Platforms Bid Adieu To the Netherlands<\/h2>\n<p style=\"text-align:justify;\">Binance, the world\u2019s largest crypto exchange, said last month that it will leave the Netherlands after the company\u2019s application to register under the Dutch crypto approval regime was rejected.<\/p>\n<p style=\"text-align:justify;\">The exchange noted that Dutch residents would only be able to withdraw their assets from the platform, starting July 17 and further trading or deposits would not be possible.<\/p>\n<p style=\"text-align:justify;\">The Netherlands, however, does not have specific legislation with respect to cryptoassets other than the Dutch implementation of the Fifth Anti-Money Laundering Directive (5MLD) in the Dutch Money Laundering and Anti-Terrorist Financing Act (Wwft).<\/p>\n<p style=\"text-align:justify;\">\u00a0<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/cryptocom-receives-registration-approval-from-dutch-central-bank-heres-latest.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services provider. Contributing to Crypto.com\u2019s regulatory license momentum, the approval follows a \u201ccomprehensive review of Crypto.com\u2019s business and compliance in line with the Netherlands\u2019 Money Laundering and Terrorist Financing Act,\u201d the company statement read. The Dutch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-42124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto.com Receives Registration Approval From The Dutch Central Bank \u2013 Here\u2019s the Latest | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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