Source: Coinmerce
We can proudly announce that we have been added to the crypto register of the Dutch central bank on November 9th, 2020.
Of course, we are happy, especially because we are one of the first companies offering both wallet and trading functionalities in The Netherlands that is accepted.
It’s a confirmation for our customers that they buy, sell and store their cryptocurrency on a platform which fulfills its regulatory requirements when it comes to prevention of money laundering and financing of terrorism.
It has been a very extensive and intensive process, which mainly involved implementing and documenting the policy, the underlying procedures and controls. All with the aim of minimizing the risk of money laundering, terrorist financing and fraud.
Official text from regulator:
Coinmerce B.V. has registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB supervises Coinmerce B.V.'s compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act 1977. Coinmerce B.V., like all other Dutch crypto providers is not subject to prudential supervision by DNB or to conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and there is no specific financial consumer protection