Netherlands

Cryptocurrency projects and businesses worldwide are awaiting cryptocurrency regulations from the government. Some nations are yet to consider the prospect of cryptocurrency going mainstream while some such as the Netherlands have been embracing the nascent technology and are taking measures to ensure its prosperity. Nevertheless, the changes coming to space due to the regulations are affecting some participants. A few months ago, the apex bank of the Netherlands announced the regulation of firms providing cryptocurrency services starting from January 10…

The Dutch central bank claims readiness for the development and trial of a digital Euro. According to the apex bank, it is willing to lead the development of a Europe-wide digital currency. On April 21, the central bank released a 45-page report which stated its readiness to lead the research and development of a digital currency for the Netherlands and Europe. The report also stated that the central bank is interested in becoming a proving ground for central bank digital currencies in…

Two men were apprehended by Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD). Their arrest was due to alleged laundering involving cryptocurrencies worth millions of Euros. The development was revealed in a joint statement by the Joint Chiefs of Global Tax Enforcement (J5). FIOD arrested them on the basis of separate cryptocurrency tax evasion investigations, and the agency was able to recover almost 260k in unmentioned cryptocurrencies as well as over 6.6 pounds of gold. Some…