Market Cap: $3,363,512,843,742
24h Vol: $68,523,822,230
Cryptocurrencies: 26585
Markets: 104250
Cryptocurrencies: 26585
Markets: 104250
Market Cap: $3,363,512,843,742     
24h Vol: $68,523,822,230
Seeking Alpha 2023-01-26 13:01:13

Coinbase fined €3.3M by Dutch central bank over failure to register

Coinbase fined €3.3M by Dutch central bank over failure to register
The central bank of the Netherlands, De Nederlandsche Bank (DNB), fined Coinbase ( NASDAQ: COIN ) Europe €3.33M for providing cryptocurrency services without registering with the DNB as required, the central bank said Thursday. Under Dutch law, the base amount of the fine is €2M with a maximum of €4M. The DNB said it increased the fine from the base due to Coinbase's ( COIN ) position as one of the largest crypto services providers globally. The central bank also alleges that the company's non-compliance "persisted over a prolonged period of time: from 15 November 2020 until at least 24 August 2022." Coinbase ( COIN ) has until March 2, 2023 to object to the fine, the DNB said. The company didn't immediately respond to a request for comment from Seeking Alpha. Last year, the DNB also imposed a similar fine on Binance for providing crypto services in the country without registering.
esptco-banner img
Latest News

Videos

  • A Step by Step Guide To Use and Utilize Cryptocurrency!

  • What is Cryptocurrency? | Everything About Cryptocurrencies!

  • Bitcoin OR Altcoins: Which Is Best? Easy Explanation!

  • Spot Trading vs P2P Trading!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire