The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms
The announced closure of one-man bitcoin startup Bittr may be the first of many in the Netherlands as contentious new AMLD5 regulations come into effect.
The exchange said it must now ask users for extra information such as the purpose of bitcoin purchases.
BTC Direct said it plans to use the funds to expand its workforce and develop new products, among other things.
Security token platform Dusk Network has become a shareholder of a Dutch stock exchange as part of both firms' plans for share tokenization.
AMDAX has become the first to register with Holland's central bank under recently implemented EU anti-money laundering regulations.
Dutch crypto companies must register with the Netherlands’ central bank by May 18 or cease operations immediately as the country enforces new anti-money laundering regulations required by the European Union.