De Nederlandsche Bank(DNB), the Dutch central bank, has reportedly fined the US-based crypto exchange Coinbase $3.6 million for failing to obtain the correct registration to provide services before it began to operate in the country. The central bank alleged that the exchange did not comply with the regulations between November 2020 and “at least” August 2022. The fact that Coinbase is one of the largest crypto companies with a significant number of customers in the country has been taken into account in reaching the decision.
Source: https://www.reuters.com
