- Coinbase (NASDAQ:COIN) has been penalized with a fine of $3.6 million by the DNB.
- The charge is based on Coinbase’s non-compliance with the laws of the Netherlands.
- The company has been offering services to the Netherlands without registering with the DNB.
Coinbase has been penalized by the Dutch Central Bank, De Nederlandsche Bank (DNB) with a charge of $3.6 million for running crypto services in the Netherlands without registering with the DNB.
On January 26, the DNB shared the news on the imposition of the fine on Coinbase for “providing crypto services without the legally required registration until 22 September 2022.”
DNB imposes administrative fine on Coinbase Europe Limited for providing crypto services without the legally required registration until 22 September 2022. https://t.co/wEjAez6GDs pic.twitter.com/cDzXxKRqq4— De Nederlandsche Bank (@DNB_NL) January 26, 2023
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