Cryptocurrency service provider Bitnovo has just officially registered as a Virtual Assets Provider (VASP) with the Dutch Central Bank (De Nederlandsche Bank, DNB).
The company, based in Spain and internationally recognized, will now be able to offer its services for buying and selling digital assets in full compliance with the legislation required by the Dutch regulator.
Aitor Ibarrola, Director of Operations at Bitnovo, highlights that this registration is an important step for the company:
"We are proud of the great work we have done in terms of regulatory compliance; we have obtained authorization from the Bank of the Netherlands.It is a significant achievement considering that even large companies in the sector have not been able to do so".
"Bitnovo is now able to operate smoothly and comply with local regulations. We continue to work transparently with the aim of facilitating the buying and selling of cryptocurrencies to democratize access for as many people as possible."he added.
Currently, most companies that have obtained this license as providers of digital asset services (VASP) are located in the Netherlands.
However, Bitnovo presents itself as an international option and already has the necessary authorization to offer its services and conduct marketing campaigns specifically targeted at all Dutch residents with full regulatory assurance.
On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence
Tags :
0 Comments
Show More
Learn how to develop a crypto super app with top-notch security at minimal cost. Build a secure, feature-rich, and user-friendly crypto platform today.
Hyperliquid founder criticizes Binance’s liquidation data, claiming major underreporting of liquidations during volatile periods and highlighting transparency in DeFi.
By replacing months of complex wallet development with plug-and-play infrastructure, WaaS helps teams focus on users, not code.
On-Chain Media is an independent, reader-funded crypto media platform. Kindly consider supporting us with a donation.
bc1qp0a8vw82cs508agere759ant6xqhcfgcjpyghk
0x18d7C63AAD2679CFb0cfE1d104B7f6Ed00A3A050
CBaXXVX7bdAouqg3PciE4HjUXAhsrnFBHQ2dLcNz5hrM
Contains the last 12 releases