Dutch Central Bank to Regulate Crypto Cos

Dutch Central Bank to Regulate Crypto Cos

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.

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