AFM and DNB: Recommend regulation of cryptos at an international level

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AFM and DNB: Recommend regulation of cryptos at an international level

  • National licensing regime for crypto exchange platforms and crypto wallet providers needed to ensure more effective prevention of money laundering
  • The European regulatory framework for corporate funding amended to enable blockchain
  • Effective protection of Dutch consumers against the principal risks requires international coordination due to the cross-border nature of cryptos
  • Cryptos vulnerable to financial crime which is why the AFM and DNB recommend introducing a licensing regime
  • A licensing regime allow preventative assessment and rejection of potential market parties
  • AFM and DNB state this in a joint recommendation, which the Minister of Finance has sent to the House of Representatives