🚨 Get Your Free NFT Certificate Mint by Completing the Web3 Exam! START NOW
My Learnlist: Coming Soon!
My Learnlist: Coming Soon!

Learn by real-life examples: Select, Track & Understand any cryptos with the unique Learnlist feature!

Notify Me!
Portfolio: Coming Soon!
Portfolio: Coming Soon!

Set your wallet & get powerful insights backed by data. Easily learn how to use it for your highest rewards!

Notify Me!

Coinbase Receives a Green Light to Operate in the Netherlands

Coinbase Receives a Green Light to Operate in the Netherlands

Coinbase expands in Europe with new regulatory approval from the Netherlands.

Coinbase, an American cryptocurrency exchange established in 2012, has been registered by De Nederlandsche Bank (DNB), the central bank of the Netherlands, as a crypto service provider.

According to the official announcement shared by Coinbase, the company will offer a great variety of retail, institutional, and crypto ecosystem products.

What is Curve Finance in Crypto? (Animated Explanation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Curve Finance in Crypto? (Animated Explanation)

What is Curve Finance in Crypto? (Animated Explanation) What is Curve Finance in Crypto? (Animated Explanation)

The company claims that it is the first global crypto exchange to receive approval from De Nederlandsche Bank. De Nederlandsche Bank (DNB) listed Coinbase Europe Limited and Coinbase Custody International in its public records as crypto service providers.

Before receiving regulatory approval, Coinbase was checked to comply with the Anti-Terrorist Financing Act, the Anti-Money Laundering (AML), and the Sanctions Act.

Coinbase Vice President of International and Business Development Nana Murugesan noted:

Coinbase prides itself on being a compliance-led business. The Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here.

It is worth noting that when the European Union’s markets in crypto assets (MiCA) regulation becomes officially accepted by the EU, Coinbase will be able to offer its services in all 26 countries across the EU.

In the blog post, the crypto exchange noted that Coinbase already serves customers in 40 European countries with the help of “dedicated crypto hubs in Ireland, the UK, and Germany.” Moreover, the company added that “additional registrations or license applications are in progress.”

On July 18th, Coinbase received approval from Italy's Organismo Agenti e Mediatori (OAM) to provide crypto-related services in the country. The company aims to expand in Europe by securing operation licenses in Spain and France.

In other news, Dutch Fiscal Information and Investigation Service (FIOD) officers have recently arrested a 29-year-old developer suspected of using Tornado Cash to “conceal criminal financial flows and facilitate money laundering”.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



Earn Huge Exclusive Binance Learners Rewards