De Nederlandsche Bank (DNB) announces that it has imposed an administrative fine of €3,325,000 on Coinbase Europe Limited.
The fine was imposed because Coinbase provided crypto services in the Netherlands in the past without registration with DNB, which is in non-compliance with the law.
Companies wishing to provide crypto services in the Netherlands are required to register with DNB under the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft).
Coinbase’s non-compliance with the Wwft is punishable by a category…
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