Dutch Central Bank: Blockchain ‘Promising But Inefficient’ in Payments
Blockchain technology isn't yet a beneficial addition to the payment system in the Netherlands, according to the country's central bank.
The current crypto legislation before the Dutch Parliament not only mandates domestic companies register with the central bank but that foreign entities will not be allowed to conduct services within the country.
The Dutch Central Bank is taking a tougher stance on the cryptocurrency industry, citing new European Union anti-money laundering laws.
Dutch crypto startups are crying foul as local regulators look to implement the EU 5th Anti-Money Laundering Directive ahead of a Jan. 10 deadline.
Amsterdam-based crypto exchange Blockport has been been forced to close due to lack of cash, but it's pledged to rebuild.
Amsterdam's Schiphol airport has launched an ATM that allows departing travelers to exchange their remaining euros for bitcoin or ethereum.
Danish police are claiming to have developed software for tracing bitcoin transactions that has led to successful drug convictions, according to local reports. As reported by Berlingske, a new toolkit has reportedly enabled law enforcement officials in Denmark to press forward in cases involving the digital currency. The Danish National Police Cyber Crime Center (NC3) is said to […]
A Dutch asset management service that oversees the largest pension fund for government and education workers in the Netherlands has begun exploring possible blockchain applications. APG announced earlier this week it is partnering with Maastricht University and the Netherlands Organisation for Applied Scientific Research to explore blockchain and artificial intelligence. APG, a wholly-owned subsidiary of […]