Netherlands Requiring Cryptocurrency Providers to Establish Sanctions Compliance Programs
To operate in the Netherlands, cryptocurrency providers must establish sanctions compliance controls, a June 11 EU Sanctions blog post said. The regulation, announced last month, calls for providers to register with the Dutch Central Bank, which requires “adequate internal measures…
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and controls to ensure compliance” with EU and Dutch sanctions requirements, the post said. The bank may deny a registration if it does not approve of a company’s compliance program.