Court proceedings reduced a major Dutch regulatory fine after a crypto firm breached registration rules tied to anti-money laundering obligations.
Dutch regulators have fined a cryptocurrency service provider for operating in the Netherlands without the legally required registration, underscoring intensifying enforcement across Europe’s digital asset sector.
De Nederlandsche Bank (DNB) originally imposed an administrative penalty of €2,850,000 on 2 October 2023. Authorities found the firm breached the Anti-Money Laundering and Anti-Terrorist Financing Act by offering unregistered crypto services.
Registration rules, introduced on 21 May 2020, require providers to notify supervisors due to…
