According to De Telegraaf, the Dutch Central Bank (DNB) is gearing up to have cryptocurrency companies obtain licenses. A proposed bill has been put out and the regulator has invited interested parties to respond.
The supervision aims to deter money laundering and terrorist financing through cryptocurrency use. Companies that deal in crypto will need to perform Know Your Client (KYC) procedures and report unusual transactions.
The Dutch government has had a positive attitude to blockchain generally, with the DNB developing its own coin (the “DNB Coin”) as far back as 2015.