From now on the investors from the Netherlands would be free to invest in crypto. In particular, they can invest their money in their own country.
Earlier there wasn’t any crypto exchange firm available in Netherlands which was registered with the country’s central bank. Due to this, Netherland’s investors were forced to invest online in an exchange that had no office available in Netherland. Alternatively, they had to invest in those crypto exchanges which were not regulated by the central bank.
A news report had confirmed that for long investors of the country wanted to have an exchange present in Netherland. In order to cater to Nederland’s investors, a group of people had decided to establish a Netherland-based crypto exchange firm. It was proposed that an exchange under the name and style of “BLOX” will be established.
For establishing a crypto exchange firm in Netherland it was mandatory to seek the approval of the Dutch Central Bank. As per the country’s law, no entity can do the business of trading and buying/selling without prior permission of the Dutch Central Bank. However, the request of BLOX for its registration with the central bank was pending approval. It was only a day before that the central bank had taken its decision and duly approved the exchange.
BLOX is now the first crypto exchange in the country duly approved by Dutch Central Bank. This was done after Netherland had recently implemented the Anti-Money Laundering Policy introduced by European Union. The EU policy is commonly known as AMLD5.
Later on in a blog message BLOX told that it has now obtained permission from the central bank. It was told that BLOX is one of its kind crypt-exchange in the Netherland which is registered with the country’s regulator.
Apart from BLOX there is also another popular crypto exchange working in Netherland called AMDAX BV. However, the scope and ambit of AMDAX is wider than BLOX as it focuses on acquiring private investors and higher investments. On the contrary, BLOX is specifically established to focus on acquiring everyday investors.
It has been told that an investor could invest a minimum of €1 at BLOX’s exchange platform. This would encourage members of the general public also to take part in crypto trading/exchanging.
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