Dutch central bank and regulator call for AML law for crypto assets

But regulations should change to make crypto asset financing easier for small firms – DNB

Netherlands Bank
The Netherlands Bank
Rachael King

The Netherlands needs to pass a law registering crypto asset firms to prevent money laundering, the country’s central bank and its financial regulator have said in a joint statement.

They also advised that the Netherlands and the European Union revise their regulations on crypto assets as this might improve funding for smaller firms.

The UK’s Financial Conduct Authority (FCA) also expressed concerns, warning market participants “it may be a criminal offence to carry on regulated activities

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