The Dutch central bank announced the fine was imposed for non-compliance before the company registered with the regulator, and the exchange is challenging the fine.
Jatinder Singh and his partner bought four houses, cars, artwork and other luxurious items with money they received due to an accounting error by Crypto.com, according to the...
The Netherlands, which has taken a tough line on rivals such as Binance and Coinbase, follows France, Dubai and the U.K. in recognizing the crypto exchange.
The crypto exchange said it has registered as a virtual asset service provider with the country's central bank following a "comprehensive" compliance review.