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Cryptocurrency service providers will soon be required to obtain a license from the central bank of the Netherlands, the leading Dutch magazine DeTelegraaf reports on December 11th.
The article explains that the measure was undertaken hoping that "it will prevent such cryptocurrencies being used to launder money obtained through crime or to finance terrorism".
To qualify for a license, suppliers must be aware of who their customers are and report unusual transactions. All these data will be monitored by De Nederlandsche Bank, the Dutch central bank.
After the implementation, in April, of similar laws in Japan that forced cryptocurrency exchanges to report dubious cryptocurrency transactions, this winter a noticeable increase in the number of such reports was noted.
In August, a Dutch central bank executive said that cryptocurrencies are not recognized as "real money", but that the bank does not intend to ban them. Also in August, a central bank advisor said that changes in Bitcoin (BTC) prices coincide with Google's cryptocurrency research.
As reported by Cointelegraph in October, the port of Rotterdam has collaborated with both an important Dutch bank and Samsung to test the use of blockchains for shipping to the largest port in Europe. Also in Holland, the largest supermarket chain in the country, Albert Heijn, revealed in September that it uses the blockchain to make the production of orange juice more transparent.
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