{"id":13996,"date":"2022-09-24T01:26:03","date_gmt":"2022-09-24T01:26:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-receives-approval-to-offer-full-suite-of-crypto-products-in-netherlands-exchanges-bitcoin-news\/"},"modified":"2022-09-24T01:26:03","modified_gmt":"2022-09-24T01:26:03","slug":"coinbase-receives-approval-to-offer-full-suite-of-crypto-products-in-netherlands-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-receives-approval-to-offer-full-suite-of-crypto-products-in-netherlands-exchanges-bitcoin-news\/","title":{"rendered":"Coinbase Receives Approval to Offer Full Suite of Crypto Products in Netherlands \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Crypto exchange Coinbase has received approval to offer its full suite of retail and institutional crypto products and services in the Netherlands. \u201cWe have taken strides to work collaboratively with government, policymakers, and regulators to shape the future in a responsible way,\u201d Coinbase said.<\/strong><\/p>\n

Dutch Regulator Approves Coinbase<\/h2>\n

The Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Thursday that it \u201chas successfully registered with the Dutch central bank (De Nederlandsche Bank \u2014 DNB) as a crypto service provider.\u201d The announcement details:<\/p>\n

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This registration will allow Coinbase to offer our full suite of retail, institutional, and ecosystem products to customers in the Netherlands.<\/p>\n<\/blockquote>\n

\u201cWe are proud to be the first major global crypto exchange to receive DNB registration approval,\u201d the company claimed, noting that Coinbase Europe Ltd. and Coinbase Custody International Ltd. are both listed in the DNB\u2019s public register as a crypto service provider.<\/p>\n

Nana Murugesan, vice president of Coinbase\u2019s international and business development, commented:<\/p>\n

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We have taken strides to work collaboratively with government, policymakers and regulators to shape the future in a responsible way.<\/p>\n<\/blockquote>\n

\u201cThe Netherlands is a critical international market for crypto, and I am really excited for Coinbase to bring the potential of the crypto economy to the market here,\u201d the executive opined.<\/p>\n

Coinbase explained that it serves customers across almost 40 European countries through dedicated hubs in Ireland, the U.K., and Germany. The company is also pursuing additional registrations or license applications in several major markets.<\/p>\n

In August, the Dutch central bank warned<\/a> that Binance is illegally offering crypto exchange services in the country. \u201cThis may increase the risk of customers becoming involved in money laundering or terrorist financing,\u201d the regulator cautioned at the time. In July, the DNB said it fined<\/a> Binance Holdings $3.4 Million due to \u201cvery serious\u201d violations. The crypto exchange subsequently applied for authorization to operate in the country with the central bank.<\/p>\n

What do you think about Coinbase receiving approval to offer its full suite of crypto products and services in the Netherlands? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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