Dutch Regulator Fines Crypto.com $3.1M for Operating Without Registration
Thursday, 14 March 2024, 08:30
Dutch Regulator Imposes Fine on Crypto.com
The Dutch central bank has fined Crypto.com $3.1 million for non-compliance.
Non-Compliance with Registration
- The fine was imposed for operating before the company registered with the regulator.
Importance of Regulatory Compliance
This penalty underscores the significance of adhering to regulatory requirements in the cryptocurrency sector. Proper registration is essential to avoid legal consequences.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.