Dutch Central Bank Wants to Regulate Crypto Companies to Stem Money Laundering

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December 12 2018

The Dutch Central Bank, De Nederlandsche Bank, wants to regulate crypto companies by requiring them to get licenses in order to operate.

The bank claims the measure will deter money laundering and the use of cryptocurrencies to fund terrorism, according to a short brief in Dutch daily newspaper De Telegraaf. To qualify for a license, crypto companies must report “unusual transactions” and know who their customers are.