Dutch Central Bank Research Head 'Not Opposed' to Bitcoin
De Nederlandsche Bank (DNB) head of research Jakob de Haan has issued new responses to pointed questions about the role of bitcoin in global finance. During a speech at the reinvent.money conference on 26th September, de Haan was asked several questions about bitcoin, including ones that referred to the euro derogatorily as a "bullshit fiat currency", with unusual candor given his status at the Dutch central bank. A newly surfaced video shows de Haan responding to the question of whether his organization is afraid it may be replaced by decentralized financial technologies, such as bitcoin,....
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It has been over a year since De Nederlandsche Bank (DNB), the Dutch Central Bank, was vocal about bitcoin. The bank previously voiced its opinion that “virtual currencies are not a viable alternative” to fiat currency, and that they “are unlikely to become a viable alternative for traditional currency in the foreseeable future.” Perhaps because of....
Convinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into the development of crypto assets and policy responses. ‘Proper Regulation Indispensable for Risky Cryptos,’ Dutch Central Bank Insists Bitcoin, tether, and other digital coins are affecting many of the tasks and objectives of central banks and supervisory authorities, according to Steven Maijoor and Olaf Sleijpen, members of the Executive Board of De Nederlandsche Bank....
The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De Nederlandsche Bank (DNB), revealed Monday that it has fined Binance Holdings Ltd. for offering crypto services without registration as required by law. The administrative fine of 3.325 million euros ($3.4 million) was imposed on the cryptocurrency....
Most of the details regarding this project remain shrouded for the time being, although we do know the Dutch central bank has been exploring blockchain technology for quite some time now. Although distributed ledgers hold a lot of potential to increase the current day-to-day operations, there is something alluring about the aspect of issuing one’s own digital currency. More and more countries around the world are starting the concept of digital currency seriously these days. The Dutch central bank is joining this growing list, as they seem to have concrete plans to issue a new digital....
The Dutch Central Bank has imposed a 3.3 million euros ($3.4 million) fine on Binance for extending unauthorised services to Dutch citizens. The crypto exchange did not have proper registration but still continued to provide services. This comes as a setback to the exchange’s campaign to win over the European regulators. The Central Bank stated […]