Gets Registration Approval In The Netherlands Gets Registration Approval In The Netherlands has been granted permission in the Netherlands to register itself as a crypto service provider.

This regulatory approval for the digital asset exchange comes after its compliance with the AML (Anti-money laundering) legislation in the country and its business operations were reviewed.

Registration approval

The Dutch central bank has granted approval for registering as a provider for crypto services in the Netherlands.

The company disclosed in a press release that this confirmation had come after its compliance with the AML and Terrorist Financing (Prevention) Act were comprehensively reviewed.

Kris Marszalek, the chief executive of the crypto exchange, said that the De Nederlandsche Bank (DNB) had granted regulatory approval, which was a major milestone for the business.

The CEO also added that the approval was also a testament to the company’s commitment to compliance.

He went on to say that collaborating with regulators was of the utmost importance for because it would help in advancing the blockchain and crypto industry.

Marszalek also added that the crypto exchange was looking forward to working with the Dutch regulator as well as other global regulatory bodies.

Thanks to the approval from the Dutch central bank, the exchange has gotten yet another approval from European authorities.

This is a good sign because there is a great deal of regulatory scrutiny and uncertainty for the crypto industry in several jurisdictions.

Other regions

Based in Singapore, the crypto exchange has also gotten a license from the Monetary Authority of Singapore (MAS).

It has been licensed as a Major Payment Institution (MPI) for e-money issuance, digital token payments, domestic and cross-border money transfer services, and account issuance.

Apart from that, has also gotten authorizations and registrations in South Korea, Dubai, Australia, and the United States.

As far as the old Continent is concerned, the crypto exchange has registered itself with the Financial Markets Authority (FMA) in France to operate as a Digital Asset Service Provider (DASP)

The Financial Conduct Authority (FCA) in the United Kingdom has also given approval to operate as a crypto asset business in the country.

Other European countries where has been granted approval to provide crypto services include Spain, Italy, Cyprus and Greece.


The approval for in the Netherlands comes after Binance announced its decision of pulling out from the Dutch market after it had been unable to get approval for registering as a crypto service provider.

The largest crypto exchange in the world, Binance stated that it wanted to keep its focus on fewer regulatory bodies in Europe for now.

As a matter of fact, the exchange also canceled its authorization in the United Kingdom, deregistered itself in Cyprus and also withdrew the license applications it had submitted in Austria and Germany.

The last few months have seen Binance come under a great deal of pressure from regulatory bodies all around the world.

The European Union is also planning on introducing comprehensive regulators for the crypto industry, which has been titled as the Markets in Crypto Assets (MiCA) law.