Dutch Central Bank to Bring Crypto-Business Under Licensing Regime to Curb Malicious Use62.31

In order to curb the use of cryptocurrencies for malicious activities such as money laundering and the funding of terrorism, the central bank of Netherlands, De Nederlandsche Bank (DNB), has decided that it would be issuing licenses to cryptocurrency service providers.

On December 11, a major Dutch news outlet, DeTelegraaf, reported that the Dutch Central Bank is concerned about the wrong use of cryptocurrencies and, hence, has decided that crypto-service providers and business will soon have to obtain a license to continue its operations in the country.

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