Gemini to Cease Operations in Netherlands: Regulatory Hurdles Force Move
The New York-based cryptocurrency exchange Gemini has
announced its decision to suspend services to Dutch customers starting from
November 17. This move is as a result of regulatory pressures imposed by the
De Nederlandsche Bank (DNB).However, Gemini is not exiting the Dutch market for good;
the exchange aims to re-enter the country once it achieves full compliance with
the new crypto asset rules outlined in the European Union’s Markets in
Crypto-Assets Regulation (MiCA).In a letter addressed to its Dutch users on September 26…
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