2 years ago
Leading crypto speech Coinbase is facing a $3.6 cardinal good for allegedly operating successful the Netherlands without ineligible registrations with De Nederlandsche Bank (DNB).
The Dutch regulator said connected Jan. 26 that Coinbase’s cognition successful the Netherlands was amerciable until Sept. 22, 2022. The speech had failed to registry with the DNB nether the Dutch anti-money laundering and anti-terrorist financing act.
As a result, Coinbase whitethorn person failed to study antithetic transactions that occurred connected its level to the fiscal quality unit.
The DBN said it would enforce a €3.3 cardinal ($3.6 million) good connected Coinbase for non-compliance with Dutch laws implicit the play of November 2020 and August 2022.
The regulator noted that the accrued good against Coinbase was comparative to its ample lawsuit basal and comparative vantage successful the Netherlands.
Coinbase has until March 2 to entity to the Dutch regulator’s good and claims.
In related news, the New York State Department of Financial Services (NYDFS) fined Coinbase astir $100 cardinal implicit inadequate anti-money laundering measures.
The station Coinbase fined $3.6M for operating without registration successful the Netherlands appeared archetypal connected CryptoSlate.
English (US) 