the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros , due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26.
The exchange reportedly failed to obtain the necessary registration to offer services in the Netherlands prior to beginning operations in the country. The DNB said it took into consideration the size of Coinbase as a company and the fact that it has a “significant number of customers in the Netherlands.”
The authorities claimed Coinbase was non-compliant during the time period between November 2020 and August 2022.
Nope, looks like they're doing just fine!
In Dec 2022, the DNB targeted the cryptocurrency exchange KuCoin saying that it too was operating without a license. In 2021 it targeted Binance Holdings Limited with similar allegations, for which the exchange paid more than 3 million euros in fines due to the violations.
The exchange reportedly failed to obtain the necessary registration to offer services in the Netherlands prior to beginning operations in the country... and the fact that it has a “significant number of customers in the Netherlands.”
CryptoThan
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