By Nov. 17 the platform will suspend its operations in the Netherlands “due to requirements imposed by the De Nederlandsche Bank on crypto exchanges.”
New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet regulators’ requirements but says it intends to return to the Dutch market.to its Dutch users on Sept.
Gemini suggests that users transfer their funds to the local crypto exchange Bitvavo, which is registered with the DNB. Launched in 2018, Amsterdam-based Bitvavo is a member of the Dutch Association of Bitcoin Companies.Gemini intends to return to the Dutch market after getting its business “ready to be fully compliant” with the new rules on crypto assets, as set out under the Markets in Crypto-Assets regulations .
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