Netherlands: Removal of know-your-customer requirement for crypto-service providers
Progress
Current status
revoked
19 May 2021 revoked
Scope
Implementers
Netherlands
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Dutch central bank revises factsheet for screening in crypto-transactions
The Dutch National Bank (DNB) removed its earlier requirement that crypto-service providers must verify the identity of each customer in a transaction. The DNB adjusted its factsheet for screening requirements in such transactions after it had been …
SourceEvent type
order
Action type
termination
Government branch
executive
Government body
central bank