De Nederlandsche, the Dutch central bank(DNB), is fierce to regulate cryptocurrency companies to prevent money laundering and terrorist funding. Cryptocurrency companies need to comply with clear know-your-customer (KYC) and report any suspicious transaction to get a license. The license is necessary for these transactions because they offer a anonymity which can be used for nefarious purposes.
Dutch Central Bank to Regulate Crypto CosIncryptsDec 13, 20180
Feb 18, 2020
Feb 13, 2020