Bitcoin
$62,722.12-1.60%
Ethereum
$3,226.96-2.12%
Binance Coin
$595.05-0.82%
Solana
$136.27-5.22%
XRP
$0.50837145-2.65%
Dogecoin
$0.14531080-3.05%
Toncoin
$5.37-1.86%
Cardano
$0.45635956-3.49%
Shiba Inu
$0.00002396-3.75%
Avalanche
$33.69-3.95%
Tron
$0.12078711+0.22%
Wrapped Bitcoin
$62,879.61-1.73%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
30
DAYS
09
HR
03
MIN
12
SEC
Policy

Bitpanda Crypto Exchange to Withdraw From Netherlands

The company said it is committed to complying with the regulatory landscape.

By Camomile Shumba
AccessTimeIconJan 30, 2024 at 12:24 p.m. UTC
Updated Mar 8, 2024 at 8:40 p.m. UTC
Bitpanda founders (L-R) Christian Trummer, Paul Klanschek, Eric Demuth (Bitpanda)
Bitpanda founders (L-R) Christian Trummer, Paul Klanschek, Eric Demuth (Bitpanda)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto exchange Bitpanda will "off-board" Dutch residents from its platform to comply with regulations in the Netherlands, the company said in an email Tuesday.

"We do not currently hold a crypto asset services provider registration in the Netherlands or have any intention of applying for one in the near future," a spokesperson for the Vienna-based company said in an email. "We're currently focused on our core markets ... The Netherlands is currently not one of our core markets." The company has licenses in Austria, Bulgaria, France and elsewhere.

The Netherlands is a member of the European Union, which comprises 27 nations. The trading bloc last year passed its wide-ranging Markets in Crypto Asset legislation (MiCA) that allows companies to apply for a license in one EU country and then work across the EU. MiCA will not be in full effect until December this year.

Read more: Netherlands Will Take Tough Line Enforcing MiCA, Dutch Regulator Says

Update(Jan. 30 17:10 UTC): Adds company statement in second paragraph, December date for MiCA implementation in third.

Edited by Sheldon Reback.



Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Camomile Shumba
Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

Follow @camomileshumba on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.