Dutch regulator fines Coinbase $3.6 million for non-compliance
Crypto exchange Coinbase has been fined 3,325,000 euros ($3.6 million) by the Dutch Central Bank for offering crypto services to customers in the Netherlands without registering under the anti-money laundering and terrorist financing norms. The fine is due to the company’s failure to comply with the laws in the country. The Dutch Central Bank explained that the fine was increased due to the severity and degree of culpability of the non-compliance. Additionally, the regulator took into account the scale of Coinbase’s Dutch customer base and the competitive advantage the company gained by not paying supervisory fees. Coinbase has until March