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Published 1 year ago

Why Coinbase Has Been Slapped With a $3.5 Million Fine in the Netherlands

Summary by Ground News
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. 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 laundering.

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