2 November 2024
Netherlands Crypto Exchange BLOX Receives Green Signal Since AMLD5
BLOX crypto exchange receives the green signal to operate in the Netherlands, which makes it the first exchange to do so since the country implemented the European Union's 5th Anti-Money Laundering Directive or AMLD5.
In the blog post of BLOX, it states that "BLOX is the first consumer-focused cryptocurrency company that will be included in the registry of the Dutch Central Bank." It further added, "this registration is mandatory in the Netherlands for every company that allows its users to buy, sell, trade and hold cryptocurrencies."
AMDAX BV, the Netherlands-based crypto services provider was in headlines in October as the inaugural company of its kind in the newly regulated region. However, AMDAX targets larger investors. AMDAX in the statement, "AMDAX supports business as well as private investors with a portfolio - starting with investments of 2.5 Bitcoin - the trade of cryptocurrencies, a secure storage and insured custody."
Blox BV is visible on the approved list of crypto service providers which received registration from De Nederlandsche Bank NV, the central bank of the Netherlands. Another Crypto exchange Anycoin Direct also registered today.
The BLOX post explains, "BLOX allows consumers to invest in their favourite digital currency for as little as €1. Therefore the approval of the Dutch Central Bank means that cryptocurrencies will remain widely accessible to the general public."
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