skip to Main Content
bitcoin
Bitcoin (BTC) $ 75,202.15 1.11%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,809.65 6.11%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 188.93 1.32%
bnb
BNB (BNB) $ 593.77 1.65%
usd-coin
USDC (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.545913 2.79%
dogecoin
Dogecoin (DOGE) $ 0.190394 1.50%
staked-ether
Lido Staked Ether (STETH) $ 2,807.47 6.03%

Coinbase Fined $3.6 Million by the Dutch Central Bank (Report)

The central bank of the Netherlands – De Nederlandsche Bank (DNB) – reportedly fines Coinbase 3.3 million euros ($3.6 million) for failing to comply with local rules.

The exchange recently announced its second wave of layoffs and said it will stop operating on the Japanese market.

  • As reported by Reuters, the central banking institution of the Netherlands fined Coinbase $3.6 million for failing to register its services in the European country between November 2020 and August 2022. 
  • The DNB took into account that the platform is among the leaders in its field and has a “significant number of customers” on local soil.
  • The bear market has disrupted the business of the trading venue, which dismissed approximately 18% of its total workforce last year and laid off additional 950 people this month.
  • Coinbase also announced it will leave Japan, citing unfavorable economic conditions. Deposits were halted last week, while Japanese users have until mid-February to withdraw their holdings.
  • Despite the issues, the exchange doubled down on its deal with the German soccer club – Borussia Dortmund – and will serve as its Premium Partner. 
  • Coinbase will also promote its services and products on Signal-Iduna-Park (Germany’s biggest stadium and home ground of the team) and provide cryptocurrency education for Borussia’s employees.

The post Coinbase Fined $3.6 Million by the Dutch Central Bank (Report) appeared first on CryptoPotato.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top