The Dutch central bank disclosed a €2.3 million penalty Wednesday against Bybit, a cryptocurrency exchange in Dubai, for serving customers in the Netherlands from October 2020 to September 2023 without authorization.
The Dutch central bank has fined Binance, the world's largest cryptocurrency exchange, €3.3 million for handling cryptocurrency-denominated transactions, maintaining digital wallets and offering other financial services in the country without authorization.
Officials in the Netherlands have hit pause on sweeping anti-money laundering reforms first proposed five years ago after the EU adopted a regulation that will harmonize the application of AML rules across the bloc from 2027 onwards.