Coinbase Receives Approval to Offer Full Crypto Products in the Netherlands – Bitcoin News Exchange

Crypto exchange Coinbase is licensed to offer a full range of retail and institutional crypto products and services in the Netherlands. “We have taken steps to work collaboratively with governments, policymakers and regulators to shape the future responsibly,” Coinbase said.

The Dutch regulator approved Coinbase

Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Thursday that it has “successfully registered with the Dutch Central Bank (De Nederlandsche Bank – DNB) as a crypto service provider.” Advertisement Details:-

This registration allows Coinbase to offer our full range of retail, institutional and ecosystem products to customers in the Netherlands.

“We are proud to be the first major global crypto exchange to receive a DNB registration license,” the company said, according to Coinbase Europe Ltd. and Coinbase Custody International Ltd. Both are listed as crypto service providers in the DNB public registry.

Coinbase’s Vice President of Global and Business Development Nana Murugesan commented.

We have taken steps to work collaboratively with governments, policymakers and regulators to shape the future responsibly.

“The Netherlands is an important international market for crypto, and I am very excited that Coinbase is bringing the potential of the crypto economy to this market,” the executive explained.

Coinbase explained that it serves customers in 40 European countries through separate hubs in Ireland, the United Kingdom and Germany. The Company is pursuing additional registrations or license applications in various major markets.

In August, the Dutch central bank warned that Binance was offering illegal crypto exchange services in the country. The regulator warned at the time that “this may increase the risk of customers participating in money laundering or terrorist financing.” In July, DNB said it had fined Binance Holdings $3.4 million for “very serious” violations. The crypto exchange then applied for permission to operate from the country’s central bank.

What do you think about Coinbase getting a license to offer a full range of crypto products and services in the Netherlands? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, discovered Bitcoin in 2011 and has been an evangelist ever since. His interests are in Bitcoin security, open source systems, network effects and the intersection between economics and cryptography.

Image credits: Shutterstock, Pixabay, Wiki Commons

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