Thanks to this new company, even small Dutch traders will be able to invest in crypto
The BLOX exchange has received the green light to operate in the Netherlands: it is the first platform to receive authorisation since the country implemented the European Union’s fifth anti-money laundering directive (AMLD5).
On 6 November, the company stated in a blog post:
„BLOX is the first crypto company to be included in the Dutch Central Bank’s register. […] This registration is mandatory in the Netherlands for any company that allows its users to buy, sell, trade and hold crypto-currency.“
The crypto service provider AMDAX BV also found itself in the spotlight in October as the first company of its kind in the region: AMDAX, however, only targets large investors. In a statement on Finextra in October, the company pointed out that „AMDAX supports both companies and private investors with a portfolio – starting with investments of 2.5 Bitcoins – with crypto currency trading, a secure deposit and insured custody“.
As can be seen on the list of authorised crypto companies, the Anycoin Direct exchange was also registered on 6 November.
A blog post on the company specified:
„BLOX allows consumers to invest in their favourite digital currency from just 1 euro. […] Therefore, the Dutch Central Bank’s approval means that the cryptos will remain widely accessible to the general public“.
Unlike the three companies mentioned above, the Deribit crypto derivatives exchange left the Netherlands in January 2020 to avoid the new regulations.