The Bank of the Netherlands approves AMDAX, the country’s first crypto service provider

The Central Bank of the Netherlands approved Amdax B.V., the country’s first encryption service provider, which allows AMDAX to provide cryptocurrency trading and storage services. Valentino Cremona, co-founder and director of AMDAX said, “Previously, the cryptocurrency market was not regulated. The approval of the central bank showed that cryptocurrencies are a mature asset class. More and more investors regard Bitcoin and other cryptocurrencies as long-term investments. , AMDAX will provide customers with a safe and reliable alternative, private and financial institutions can also enter the encryption field through AMDAX.” Chain Wen previously reported that in May, the Dutch Monetary Authority stated that Dutch cryptocurrency companies must be before May 18 Register with the Dutch central bank, otherwise it will be ordered to cease operations immediately. In order to comply with the EU’s Anti-Money Laundering Directive and the standards set by the Financial Action Task Force (FATC), the Dutch Central Bank is currently taking action to implement a strengthened version of the Dutch Anti-Money Laundering (AML) law. The law has been passed in the Dutch Parliament.