Dutch Central Bank has warned about KuCoin’s activities, stating the exchange did not register as required.
According to a DNB investigation, KuCoin violated the Anti-Money Laundering and Terrorist Financing Act.
The DNB warned citizens not to use the cryptocurrency exchange.
DNB has yet to take steps against KuCoin.
Centralized entities have been under scrutiny since FTX collapsed.
The Dutch Central Bank, also known as De Nederlandsche Bank (DNB), issued a warning regarding the activities of the cryptocurrency exchange KuCoin stating the exchange didn’t register duly before it commenced operation in the country.
The DNB charged KuCoin with violating the Anti-Money Laundering and Terrorism Financing Act, saying the cryptocurrency exchange provides virtual assets illegally. Further, the apex financial institution noted that KuCoin doesn’t have a regulatory license to provide virtual assets services and custodial wallets.
In the statement, the DNB warned citizens of
We współpracy z: https://dailycoin.com/dutch-central-bank-declared-kucoin-is-not-legally-registered-in-the-netherlands/
