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Crypto Exchange Coinbase has been granted permission to offer its full range of retail and institutional crypto products and services in the Netherlands. “We have made strides to work collaboratively with government, policymakers and regulators to responsibly shape the future,” Coinbase said.

Dutch regulator approves Coinbase

Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq:COIN) announced on Thursday that it “has successfully registered with the Dutch Central Bank (De Nederlandsche Bank – DNB) as a crypto service provider “. Advertisement details:

This listing will allow Coinbase to offer our full suite of retail, institutional, and ecosystem products to customers in the Netherlands.

“We are proud to be the first major global crypto exchange to receive DNB registration approval,” the company said, noting that Coinbase Europe Ltd. and Coinbase Custody International Ltd. are both listed on the DNB public register as a crypto service provider.

Nana Murugesan, Vice President of International and Business Development at Coinbase, commented:

We have strived to work collaboratively with government, policymakers and regulators to responsibly shape the future.

“The Netherlands is a critical international market for crypto, and I’m really excited that Coinbase is bringing the potential of the crypto economy to market here,” the exec said.

Coinbase explained that it serves customers in nearly 40 European countries through dedicated hubs in Ireland, the UK, and Germany. The company is also pursuing additional registrations or license applications in several major markets.

In August, the Dutch central bank warned that Binance is illegally offering crypto exchange services in the country. “This may increase the risk of customers being involved in money laundering or terrorist financing,” the regulator warned at the time. In July, the DNB said so a fine Binance Holdings $3.4 million due to “very serious” violations. The crypto exchange then applied for permission to operate in the country from the central bank.

What do you think of Coinbase being approved to offer its full range of crypto products and services in the Netherlands? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

Image credits: Shutterstock, Pixabay, Wiki Commons

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