A preliminary relief judge ruled on the eagerly anticipated case
initiated by Dutch Bitcoin exchange Bitonic against the Dutch
regulator (DNB).
What is this about?
On 7 April 2021, the preliminary relief judge of the Rotterdam
court ruled on the case initiated by Bitonic against the Dutch
Central Bank (DNB). This case was about Bitonic's objections
against DNB's verification requirement which Bitonic considers
unlawful. A number of crypto service providers were supportive of
this brave step to stand up against the regulator.
Which parties should care?
Firms that qualify as crypto service providers under the Dutch
Anti-Money Laundering Act will encounter DNB's approach on the
verification requirement as part of the mandatory registration
process. Generally, such firms provide custodian wallet services or
exchange services between virtual currencies and fiat currencies in
the Netherlands. Consequently, also EEA-firms providing such crypto
services in the
