Cryptocurrency companies in the Netherlands are slated to be administered and regulated by the Dutch Central Bank from Jan 2020. Come Jan 10, 2020, and all companies in the Netherlands offering cryptocurrency-related services will be required to register themselves with the De Nederlandsche Bank (DNB) to remain operational, according to DNB’s announcement on Tuesday. The official statement elaborates on the concrete terms that require any service involved in deposit services or exchange of fiat to cryptocurrency, or vice versa will necessitate registering with the central authorities. The regulation encompasses all firms and exchanges, even if based out of the country,
