NFT Collection The Superlative Secret Society Price, Stats, and Review
Coinbase asks US appeals court to clarify crypto regulation
Ramp Network introduces direct cash out for Ethereum L2s via MetaMask
This altcoin could deliver 10x gains, outperforming Dogecoin and Shiba Inu
When Is The Bitcoin Reserve From Donald Trump? Pundit Breaks Down The Steps Involved
US Bitcoin Reserve: Eric Trump’s Deleted Tweet Raises Eyebrows
Dogecoin’s ETF hype fuels 6% surge: Is DOGE worth the risk?
Bank of America ready for crypto payments — decoding how banking will change forever
Utah Introduces Bill Allowing State Treasurer To Invest Public Funds in Crypto
Local media refutes Ledger CEO kidnap speculation
Stablecoin Market Cap Hits Historic High of $213 Billion
Ethereum's Looming Collapse Is A Lesson In Blockchain Integrity
Goldman Sachs CEO Dismisses Bitcoin as a Threat to US Dollar Stability
Bitcoin strategic reserve left hanging even as Trump takes office, what next?
Best Crypto to Buy Now Is A Slow Cook Meme Coin: Murad
Jasmy price could rise 115% as exchange balances plunge
Lightchain AI Poised to Benefit from Trump's Crypto-Friendly White House Plans
Bitcoin to Race to $122K in March. What Crypto to Buy Now for the Best Gains?
US Bitcoin Revolution Begins, Senator Lummis Says
Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85
Trump Coin Sparks Fury as Industry Grapples With Pump-And-Dump Dread, but Lightchain AI Maintains Its Price Stability
Coinbase exec ‘identifies’ several Ross Ulbricht-linked wallets holding 430 Bitcoin
Best Crypto to Buy Now: Brace Yourself for 2025’s Bull Run, These 3 Coins Promise Life-Changing Gains
XRP News Today - What Could Drive XRP Up to $15 in 2025 While Lightchain AI Attracts Whales
Deadline: Unregistered Crypto Firms Face Shutdown in the Netherlands
Unregistered Dutch crypto firms now face the prospect of closing their doors as the Netherlands’ enhanced anti-money laundering laws (AML) comes into force today, May 18th.
The amended Fourth Anti-Money Laundering Directive (AMLD4), which the Dutch Upper House passed on April 21, cites that companies offering crypto-to-fiat or crypto custodial services must register before the May 18th deadline or face consequences. Firms that offer crypto-to-crypto are not required to register.
A De Nederlandsche Bank (DNB) bulletin explains that crypto companies are now compelled to register and pay a fee.
The Netherlands’ central bank also highlights that those who fail to comply before will be penalized.
“If you have not submitted a draft application prior to the entry into force of the law, you cannot make use of the transitional arrangement and you must, therefore, cease your existing activities. If you are active without being subject to the transitional arrangement, this may have an effect on the assessment of your (subsequent) registration application. You will also be in violation and DNB can take enforcement action.”
Check Latest News Headlines
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/SciePro
The post Deadline: Unregistered Crypto Firms Face Shutdown in the Netherlands appeared first on The Daily Hodl.
