Crypto exchange BLOX was given the green light to operate in the Netherlands, making it the first platform to do so since the country implemented the European Union’s 5th Anti-Money Laundering Directive, or AMLD5.
“BLOX is the first consumer-focused cryptocurrency company to be included in the register of De Nederlandsche Bank,” the company said in a statement. blog announcement today. “This registration is mandatory in the Netherlands for any company that enables its users to buy, sell, trade and hold cryptocurrencies.”
Dutch-based crypto service provider AMDAX BV made headlines in October as the inaugural company of its kind in the newly regulated region. AMDAX, however, is for larger investors. “AMDAX supports both corporate and private investors with a portfolio – starting with investments of 2.5 Bitcoin – to trade in cryptocurrencies, secure storage and custody,” said one. statement from AMDAX on Finextra.
Visible on one list from approved crypto service providers, blox BV is now registration of De Nederlandsche Bank NV, the central bank of the Netherlands. Anycoin Direct crypto exchange too registered today.
“With BLOX, consumers can invest in their preferred digital currency for as little as € 1,” said the company’s blog post. “That is why the approval of De Nederlandsche Bank means that cryptocurrencies remain widely accessible to the general public.”
Unlike the three recently approved entities, digital asset derivatives trade Deribit left the Netherlands back in January 2020 to avoid the new regulations.