Coinbase will supposedly pay a $3.6 million fine for failing to comply with the Dutch regulators between November 2020 and August 2022.
The central bank of the Netherlands – De Nederlandsche Bank – reportedly fines Coinbase 3.3 million euros for failing to comply with local rules.
The exchange recently announced its second wave of layoffs and said it will stop operating on the Japanese market.by Reuters, the central banking institution of the Netherlands fined Coinbase $3.6 million for failing to register its services in the European country between November 2020 and August 2022.
The DNB took into account that the platform is among the leaders in its field and has a “significant number of customers” on local soil. The bear market has disrupted the business of the trading venue, which dismissed approximately 18% of its total workforce last year andit will leave Japan, citing unfavorable economic conditions. Deposits were halted last week, while Japanese users have until mid-February to withdraw their holdings.on its deal with the German soccer club – Borussia Dortmund – and will serve as its Premium Partner.
Coinbase will also promote its services and products on Signal-Iduna-Park and provide cryptocurrency education for Borussia’s employees.
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