Under Dutch law, virtual currencies such as Bitcoin, Etherium, Litecoin and Neo currently do not qualify as financial products/securities under the Financial Supervision Act (Wet op het financieel toezicht). However, two groups are subject to a registration requirement with Dutch Central Bank (De Nederlandsche Bank):
These parties will have to comply with the anti-money laundering regulations as laid down in the Netherlands in the Money Laundering and Terrorist Financing (Prevention) Act, implementing the fifth anti-money laundering directive.
In addition, there is a proposal for a European Regulation (the Regulation on Markets in Crypto Assets, MICA). This proposal includes rules for the issuance of crypto assets and for the provision of services relating to crypto assets. The proposal also contains specific rules for stabel coins.
- Anyone who offers professional or business services in or from the Netherlands for exchanging virtual currency and fiduciary currency; and
- Anyone who offers professional or business custody wallets in or from the Netherlands.
These parties will have to comply with the anti-money laundering regulations as laid down in the Netherlands in the Money Laundering and Terrorist Financing (Prevention) Act, implementing the fifth anti-money laundering directive.
In addition, there is a proposal for a European Regulation (the Regulation on Markets in Crypto Assets, MICA). This proposal includes rules for the issuance of crypto assets and for the provision of services relating to crypto assets. The proposal also contains specific rules for stabel coins.