Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Dutch Crypto Company Secures Legal Victory Over $2.3 Million Regulatory Bill – Blockchain News, Opinion, TV & Jobs
BLOCKCHAIN NEWS

Dutch Crypto Company Secures Legal Victory Over $2.3 Million Regulatory Bill – Blockchain News, Opinion, TV & Jobs

By Crypto FlexsNovember 29, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dutch Crypto Company Secures Legal Victory Over .3 Million Regulatory Bill – Blockchain News, Opinion, TV & Jobs
Share
Facebook Twitter LinkedIn Pinterest Email

In a significant legal development, Dutch cryptocurrency companies including Binance successor Bitvavo and Coinmerce have won their battle against a hefty $2.3 million fee imposed by Dutch regulators. The Rotterdam court ruled that the Dutch National Bank (DNB) exceeded its legal powers by charging the companies with anti-money laundering registration.

The court’s ruling, handed down on Wednesday, declared that DNB’s assessment of registration requests went beyond the scope of registration obligations imposed on cryptocurrency service providers under European Union anti-money laundering rules. The court also emphasized that existing cryptocurrency regulations do not allow it to lawfully impose 2021 supervision fees on cryptocurrency service providers.

However, it is important to note that the court’s ruling will not affect costs incurred in 2020. A separate legal proceeding is underway to resolve the 2022 fees.

The Netherlands, which is preparing to implement the European Union’s strict cryptocurrency asset market licensing regime, has maintained a strict stance on cryptocurrency companies. This includes imposing significant fines on Coinbase and Binance for failing to register. Notably, cryptocurrency exchange Gemini recently announced its withdrawal from the Dutch market due to the strict regulatory environment, while Binance transferred its Dutch customers to Coinmerce.

Patrick van der Meijde, chairman of the Dutch Bitcoin Association (VBNL), the organization leading the lawsuit, expressed satisfaction with the court’s decision. “We are pleased that the court has ruled that the registration obligations set out in EU anti-money laundering law have been breached in the Netherlands,” he said. Van der Meijde emphasized that the enormous costs associated with this registration should not be passed on to DNB as it is beyond its jurisdiction.

In response to the ruling, a DNB spokesperson confirmed that it was aware of the decision and would engage in further consultations with the Treasury to resolve the issue. The spokesperson asserted that the central bank has consistently complied with Dutch laws and regulations and reiterated that the ruling reaffirms its authority to provide effective money laundering supervision for the cryptocurrency sector and other financial institutions.

It is important to note that financial regulators in Europe generally do not rely on taxpayer funding, but instead impose operating costs on the bodies they supervise in proportion to their size. As van der Meijde points out, total cryptocurrency supervision fees in 2022 reached €2.2 million ($2.3 million), and this figure is expected to increase every year.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025

HTX X JAMES WYNN LIVESSTREAM Function Critics Mimem Mem

June 3, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin robbery is a trader after market rotation; ETH, DOGE LEAD majors

June 4, 2025

IP cooperation with the original ZEUS artist and trademark holders

June 4, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025

NVIDIA Blackwell achieves an improvement of 2.6x performance in MLPERF training v5.0.

June 4, 2025

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Bitcoin (BTC) is faced with market volatility in economic changes.

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin robbery is a trader after market rotation; ETH, DOGE LEAD majors

June 4, 2025

IP cooperation with the original ZEUS artist and trademark holders

June 4, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025
Most Popular

ZK Grants Round Announcement | Ethereum Foundation Blog

June 27, 2024

Ethereum turned deflationary with over 106,000 ETH burned in just one month.

December 4, 2023

Binance Labs concludes Incubation Season 6 with strategic investments in seven blockchain startups.

March 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.