The post Crypto.com Appeals to $3.1M Fine by DNB Over Operating Without Registration appeared first on Coinpedia Fintech News

The fine was imposed on Foris DAX MT Limited (DAX MT), which runs Crypto.com, for operating in the Netherlands without registration and faced a $3.1 million fine from the Dutch central bank. The reasons were many, including offering services to a significant number of customers in the Netherlands and not paying supervisory fees.The platform is now registered with DNB. The base fine was 2 million euros, which has been increased due to the severity and persistence of  non-compliance. The company, disappointed with DNB’s decision, is actively appealing for it. DNB has previously imposed hefty fines on Binance and Coinbase, for operating without registration.

The post Crypto.com Appeals to $3.1M Fine by DNB Over Operating Without Registration appeared first on Coinpedia Fintech News

The fine was imposed on Foris DAX MT Limited (DAX MT), which runs Crypto.com, for operating in the Netherlands without registration and faced a $3.1 million fine from the Dutch central bank. The reasons were many, including offering services to a significant number of customers in the Netherlands and not paying supervisory fees.The platform is now registered with DNB. The base fine was 2 million euros, which has been increased due to the severity and persistence of  non-compliance. The company, disappointed with DNB’s decision, is actively appealing for it. DNB has previously imposed hefty fines on Binance and Coinbase, for operating without registration.