A request for registration as a crypto service provider is subject to a consideration period of two months pursuant to Section 23c(2) of the legislative proposal. No crypto services may be offered prior to or during the consideration period. Crypto services may only be offered once the crypto service provider is registered as such with DNB. If any information is missing from the request for registration, the period within which we are required to decide on the request will be suspended until the date on which the request is supplemented or until the term for its supplementation elapses unused, in accordance with Section 4:15 of the General Administrative Law Act (Algemene wet bestuursrecht – Awb).
There are two new regulatory developments of relevance to banks regarding their crypto asset exposures. Firstly, the Capital Requirements Regulation 3 (CRR3) includes a transitional regime on banks’ direct crypto asset exposures.
Read more New rules for the crypto exposures of banks
On 14 July 2023, De Nederlandsche Bank (DNB) imposed an order subject to penalty on Payward International Markets Limited (Payward International), operating under the trade name Kraken.
Read more Order subject to penalty imposed on Payward International Markets Limited for offering crypto services in the Netherlands without registration
Supervisory authority De Nederlandsche Bank (DNB) is submitting a new anti-money laundering approach to financial institutions and other stakeholders as part of a public consultation. In a policy document presented today [...]
Read more DNB submits new anti-money laundering approach to financial sector
DNB has conducted a series of examinations to assess financial institutions’ compliance with sanctions regulations and, more specifically, whether their compliance operations are fit for purpose. We are happy to share the results of these investigations.
Read more Sanctions Act examinations: room for improvement, but sector shows strong commitment to compliance
