Tagged: netherlands

Dutch Central Bank Tells Crypto Firms to “Prepare for Supervision”

The Netherlands’ central bank has advised the country’s cryptocurrency sector to prepare to come under the regulator’s “integrity supervision” scheme by the 10th of January 2020. De Nederlandsche Bank says it is, “required to start supervising these businesses under the fifth European anti-money laundering directive (AMLD5)… Read More

Dutch Banks Not Serving Blockchain Firms Due to Concerns About Money Laundering

Dutch banks are refusing to serve not only cryptocurrency trading platforms, but also “blockchain consultancies” or any firm using the terms “crypto” or “blockchain” in business filings, Nextens reports. According to the outlet: “An inventory was made in the Cryptocast program of BNR Nieuwsradio. When a… Read More

Blockchain AI Platform Singularity Signs Agreement with People’s Insurance Company of China

Singularity Studio, the for-profit spin-off of SingularityNET (SNET) – a non-profit Netherlands foundation building a decentralized blockchain AI platform, has signed a “Strategic Cooperation Memorandum” with PICC Finance Services. PICC is a subsidiary of the Fintech arm of the People’s Insurance Company of China Holding… Read More

Netherlands: Alternative Finance Topped €1 Billion in 2018 as Strong Growth Continues

Alternative finance surpassed € 1 billion in 2018 in the Netherlands as sector growth continues, according to a report from Stichting MKB Financiering. Ronald Kleverlaan, a representative from Stichting and note alternative finance expert, commented on the report: “The Dutch Alternative Finance market has reached… Read More

Dutch Finance Ministry “Intensifying” Cryptocurrency and Anti-Money Laundering Rules Ahead of FATF Evaluation in 2021

The Dutch Finance Ministry and Ministry of Justice have vowed to regulate cryptocurrencies as part of the Netherland’s comprehensive new plan to combat money-laundering in the region. “Our goal is to guarantee an honest and safe financial system,” co-authors Minister of Finance Wopke Hoekstra and Minister… Read More

Forthcoming European Alternative Finance Research Conference Issues Call for Papers

The 3rd European Alternative Finance Research Conference is scheduled to take place this October. In advance of the event, organizers have issued a call for academic papers on Fintech/alternative finance. The conference is organised by the European Centre for Alternative Finance (ECAF) based at Utrecht… Read More

Dutch Billionaire Suing Facebook for Hosting False Cryptocurrency Ads Featuring His Image

Lawyers for Dutch billionaire and media tycoon John De Mol filed a lawsuit against Facebook this week claiming the platform allowed his image to be used without permission to promote cryptocurrencies, Reuters reports. De Mol’s lawyers also claimed that, even after Facebook was informed of the… Read More

Anonymizing Service Bitcoin Blender Voluntarily Shuts Down

Following the forced closure last week of Bestmixer.io, another cryptocurrency mixing service, Bitcoin Blender, has voluntarily left the fray, Bleeping Computer reports. The service reportedly shut down quickly this week after posting a short announcement on its Tor-hosted website ordering customers to withdraw their funds…. Read More

Brexit Hedge: FCA Solidifies Relationship with Dutch AFM as Financial Firms Look for EU Bridge

The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its… Read More

Dutch Man Charged for Running Fraudulent 100 Million Euro Bitcoin Mining Scheme

A 33-year-old man in the central-Netherlands city of Apeldoorn has been arrested for allegedly using a fake cryptocurrency mining scheme to defraud 100 investors out of €100 million ($112 million USD), de Gederlander reports. Officers from The Tax Information and Investigation Service of the tax authorities (FIOD)… Read More

Payments Director: Dutch Central Bank Tests of DLT/ Blockchain Yielded Lackluster Results

De Nederlandsche Bank (DNB), the Dutch central bank, has “developed and evaluated four prototypes based on distributed ledger technology (DLT) over the past three years,” but results are underwhelming so far, The Banker reports. This conclusion was provided by Petra Hielkema, director of payments and… Read More

Dutch Private Equity Firm NPM Capital Acquires 35% Stake in Fintech Startup Ohpen

Fintech

Dutch private equity firm NPM Capital announced on Thursday it has acquired 35% stake in fintech startup Ohpen. Founded in 2009, Open revealed that its mission is to develop the “best” core banking engine in the world. “Built by former bankers to administer retail investment and… Read More

The European Centre for Alternative Finance Calls for Papers in Advance of its Annual Conference

The European Centre for Alternative Finance (ECAF) based at Utrecht University School of Economics, has announced the 3rd European Alternative Finance Research Conference scheduled to take place in October in the Netherlands. ECAF said this year’s keynote speaker is Armin Schwienbacher (SKEMA Business School), an… Read More

Fintech Azimo Gains License from Dutch Central Bank to Operate in the Netherlands

Digital money transfer Fintech Azimo has secured a license from the Dutch Central Bank (De Nederlandsche Bank) to operate its services in the Netherlands, according to a release from the firm. Azimo said its headquarters will remain in London and its engineering and operations in… Read More

Crypto Trading Platform Caspian Integrates with Crypto Options & Futures Exchange Deribit

New York Stock Exchange 1939

Caspian, a crypto trading platform for professional traders and investors, has integrated its platform with Deribit, a crypto options and futures exchange, according to a release from the firm. Via its API, Caspian now claims to be the first institutional platform to offer both options… Read More

Prolific Juvenile Hacker who DDosed the BBC and Yahoo Spared Additional Jail Time

A young hacker from Holland who used Mirai IoT malware to command botnet attacks against Yahoo, the BBC, e-commerce firm Zalando, crypto-trading platforms and gambling sites has been spared additional jail time for his crimes, ZDNet reports. Prosecutors alleged that, in some cases, the hacker… Read More

Europol Hosts 3rd Global Conference on Criminal Finances and Cryptocurrencies

Europol, Interpol and the Basel Institute on Governance will host the 3rd annual Global Conference on Criminal Finances and Cryptocurrencies in the Hague, Netherlands, March 6th and 7th. This year’s conference will be distinct from previous ones, says Europol, in that focus will be placed on… Read More

The Dutch Authority for the Financial Markets and De Nederlandsche Bank Provide Recommendations for Crypto Regulation

Just about every financial regulator has had their say about cryptocurrency and a recommended regulatory approach. While some have drawn a line in the sand, others continue to evaluate before crafting bright-line rules. Understandably, it has taken some time for policymakers to get up to… Read More

Funding Options Partners with ING Bank to Provide Service in the Netherlands

Online business finance marketplace Funding Options has launched in the Netherlands. The expansion by Funding Options is being done in partnership with ING Bank and is the company’s first foray outside the United Kingdom. Funding Options will now service the Netherlands’ 1.8 million SMEs gain access to finance alternatives…. Read More

A Good Way to Diversify? Netherlands Crypto Firm Libereum Purchases Spanish Football Club Elche CF

Netherlands based crypto firm Libereum has acquired the Spanish football club Elche CF, according to a note from the company. Libereum said the purchase was conditioned on a bank guarantee of € 4.3 million as a 1st downpayment.  Libereum believes there is the potential for Elche CF to return to… Read More

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