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Crypto.com revealed that the crypto exchange had been registered with the Netherlands’ central bank to offer cryptocurrency services to Dutch customers.&nbsp; 
Crypto.com revealed the news in a <a href="https://crypto.com/company-news/crypto-com-secures-registration-approval-in-the-netherlands" target="_blank" rel="noopener noreferrer nofollow">blog post</a> on July 28. The company obtained registration approval with De Nederlandsche Bank (DNB). It was preceded by a comprehensive review of the crypto exchange’s business and compliance with the Netherlands’ AML and anti-terrorism laws. 
 You might also like: <a href="https://crypto.news/spain-grants-virtual-asset-service-provider-registration-to-crypto-com/" rel="noopener noreferrer nofollow"> Spain grants virtual asset service provider registration to Crypto.com </a> 
In contrast, rival crypto exchange Binance <a href="https://crypto.news/binance-to-exit-netherlands-after-failing-to-obtain-registration/" rel="noopener noreferrer nofollow">left</a> the Dutch market after failing to obtain a registration in the Netherlands. 
DNB previously warned Binance and later slammed a $3.3 million fine on the company in April 2022 for alleged unlicensed operation in the country. The crypto exchange giant also recently <a href="https://crypto.news/binance-licensing-germany-withdraws-application/" rel="noopener noreferrer nofollow">withdrew</a> its licensing application with German regulators. 
 You might also like: <a href="https://crypto.news/binance-to-exit-netherlands-after-failing-to-obtain-registration/" rel="noopener noreferrer nofollow"> Binance to exit Netherlands after failing to obtain registration </a> 
Meanwhile, the latest development follows a long list of regulatory approvals from different jurisdictions, including Spain, Italy, Australia, Cyprus, Greece, and South Korea.&nbsp; 
<blockquote class="wp-block-quote"> 
 “This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance. We look forward to continuing to work with DNB and other regulators around the world.” <cite>Crypto.com CEO, Kris Marszalek</cite> 
</blockquote> 
In the United States, Crypto.com decided to <a href="https://crypto.news/crypto-com-to-halt-us-institutional-exchange-service/" rel="noopener noreferrer nofollow">suspend</a> its institutional exchange services for American clients, citing low demand from institutions amid the country’s challenging market conditions.&nbsp; 
 Read more: <a href="https://crypto.news/crypto-com-denies-allegations-of-market-prices-manipulation/" rel="noopener noreferrer nofollow"> Crypto.com denies allegations of market prices manipulation </a>

Crypto.com gets registration approval in the Netherlands

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