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Netherlands registers the first consumer-facing crypto platform (BLOX) since the 5th Anti-Money Laundering Directive (AMLD5)

As reported by cointelegraph.com, Crypto exchange BLOX received the go-ahead to operate in the Netherlands, making it the first platform to do so since the country launched the European Union’s 5th Anti-Money Laundering Directive (AMLD5).

As the company mentioned in an announcement: “BLOX is the first consumer-focused cryptocurrency company that will be included in the registry of the Dutch Central Bank.” This registration is mandatory in the Netherlands for every company which allows its users to buy and sell cryptocurrencies.

Netherlands-based crypto services provider AMDAX BV, markets to larger investors.

According to finextra.com on October 07,2020:

“AMDAX supports business as well as private investors with a portfolio – starting with investments of 2.5 Bitcoin – the trade of crypto currencies, a secure storage and insured custody”.

Blox BV is visible on a list of approved crypto providers, and it touts registration from De Nederlandsche Bank NV, the central bank of the Netherlands. Also, crypto exchange Anycoin Direct registered today.

As the company explained: “BLOX allows consumers to invest in their favourite digital currency for as little as €1”. Therefore,

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