US EditionWhy Coinbase Has Been Slapped With a $3.5 Million Fine in the Netherlands
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Why Coinbase Has Been Slapped With a $3.5 Million Fine in the Netherlands
Coinbase has been fined $3.5 million (roughly Rs. 30 crore) in the Netherlands. The Dutch central bank has served the crypto exchange with a legal notice for offering crypto services in Netherlands without completing the required procedures, including registration. In May 2020, the Netherlands mandated crypto-related companies to register as official money transmitters. The country is aiming to curb the misuse of cryptocurrencies for money laund…
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