Under the Wwft, providers of services for the exchange between virtual and regular currencies, or custodian wallets, must register, irrespective of whether they are new players or incumbent licensed financial institutions. Institutions that hold a licence from DNB or the AFM, for example under the Financial Supervision Act (Wet financieel toezicht – Wft) or the Act on the Supervision of Trust Offices (Wet toezicht trustkantoren – Wtt), must still register.
Registration takes place under the Wwft, and DNB assesses whether an institution acts in accordance with the Wwft in providing these services. If DNB finds that it does, we will list it as a provider of services for the exchange between virtual and regular currencies, a provider of custodian wallets, or both, in the public register.
Significant risks may still emerge in respect of requirements set out in the Wft or the Wtt. For example, the relevant supervisory authority may require that operational risks emerging from the provision of services for the exchange between virtual and regular currencies are adequately managed. We recommend that licensed institutions planning to provide such services contact the relevant supervisory authority in good time.
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
Did you know that you can track the status of your assessment application in My DNB? As of 11 May 2023 you can see the status of your assessment application in My DNB – Supervisory Applications Service.
Read more New: status of your assessment application with DNB
