Coinmerce, a Dutch cryptocurrency platform, announced on Monday it has been added to the crypto registry of the Dutch Central Bank. Coinmerce claims it is one of the first companies that offer both wallet and trading functionalities in The Netherlands that is accepted.
“We started Coinmerce to provide a simple way to manage cryptocurrency. Since then, we have grown the platform and our community without losing sight of our mission; cryptocurrency for everyone, everywhere.”
Speaking about the milestone, Nick Smits van Oyen, Founder of Coinmerce, shared:
“This is a very important step for the future of Coinmerce, as we can now remain doing what we are doing in the Netherlands. This would not be possible without a registration. It’s a confirmation for our customers that they buy, sell and store their cryptocurrency on a platform which fulfills its regulatory requirements when it comes to prevention of money laundering and financing of terrorism.”
Coinmerce further revealed that the preparation for registration started at the end of 2019, the actual registration process started in May this year. Smits van Oyen went on to add:
“It has been a very extensive and intensive process, which mainly involved implementing and documenting the policy, the underlying procedures and controls. All with the aim of minimizing the risk of money laundering, terrorist financing and fraud.”