DNB published new Open Book Supervision pages for providers of crypto services. The new Open Book Supervision pages contain information about the registration process and various requirements that providers of crypto services must meet, such as tests, law on the prevention of money laundering and the financing of terrorism (Wwft), and sanction regulations. With the publication of these pages, DNB offers tools for the preparation of parties interested in offering crypto services. From January 10, 2020, providers of services for switching between virtual currencies and fiduciary currencies and providers of virtual currency custody wallets are expected to fall under the integrity supervision of DNB.
Related Links (in Dutch):
- Press Release
- Supervision by DNB
- Information on Wwft and Crypto
- Information on Sanctions Act and Crypto
Keywords: Europe, Netherlands, Banking, Securities, Crypto Service Providers, Cryptocurrencies, DNB
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