Mar 15, 12:43 AM

Crypto.com Hit with $3.1M Fine by Dutch Bank for Non-Compliance

Crypto.com has been fined $3.1 million (2.85 million euros, approximately $3.12 million) by the Dutch Central Bank for operating without proper registration and for severe violations of compliance requirements before the cryptocurrency exchange registered with the regulator. The fine was imposed on Foris DAX MT Limited, the entity behind Crypto.com. This incident, reported by @iamsandali, underscores the regulatory scrutiny on crypto exchanges globally.

#Dutch Central Bank #Foris DAX MT Limited

Written with ChatGPT (GPT-4).