Bitcoin laundering

De Nederlandsche Bank (DNB) has announced that it will begin regulating firms offering services for the exchange between cryptocurrencies and regular money, and crypto wallet providers. As per the 5AMLD, these obliged entities will become subject to the authority’s integrity supervision as of 10 January 2020. In concrete terms, such firms must register with DNB. Further, their board members and some shareholders (qualifying holdings) will need to be assessed. DNB will then monitor that the firm complies with the rules on money laundering and terrorist financing. Firms that do not register will no longer be allowed to provide crypto exchange services and wallets.

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