Dutch Central Bank to Create Prototype Blockchain-Based Currency
The Dutch central bank has committed to developing an internal blockchain prototype dubbed “DNBCoin”.
Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains.
The Dutch Central Bank is taking a tougher stance on the cryptocurrency industry, citing new European Union anti-money laundering laws.
The Dutch Central Bank is making a bid to become the European Union’s proving ground for a central bank digital currency.
Financial authorities in the Netherlands plan a licensing scheme for crypto exchanges and wallet providers to lower the risk of financial crimes.
The central bank of the Netherlands is preparing an ambitious experiment aimed at discerning if a financial market can be built on a blockchain.