Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
qwizzie
on 02/01/2021, 18:08:49 UTC
Also, several jurisdictions (Australia, Netherlands, etc) are also demanding privacy coins and Dash be delisted as a condition for banking and licensing.

Actually Dash being delisted in The Netherlands completely, is not accurate.

Only Dutch exchange Bitvavo & Dutch exchange Anycoin Direct delisted specific privacy coins (Dash, Monero, Zcash, PIVX), due to their close banking relations with
the Dutch central bank. The much bigger and more widely-used Dutch exchange Litebit.eu still has Dash listed, although they did delist Monero.

Dash listing : https://www.litebit.eu/en/buy/dash

Personally i never even heard of Bitvavo and don't trade with Anycoin Direct. Litebit.eu had problems during previous Altcoins Season (they had to close down registration
for new customers back then) and have relatively high fees in comparison to other exchanges i know of. The only advantage with using Litebit.eu is that you can buy crypto
through iDEAL payment, which only take a few minutes.

My understanding is that the DNB which permits companies/exchanges to do business in The Netherlands is now insisting among other KYC/AML measures that privacy coins, including Dash be delisted as early as this week. Multiple smaller crypto services are either complying or being shut down.

Maybe Litebit is getting an extension or is somehow able to work around this, I don't know.

Or maybe Litebit has simply registered at DNB : https://cointelegraph.com/news/dutch-central-bank-approves-first-crypto-service-under-amld5-regulations

Quote
Fintech firms in the Netherlands must abide by European Union regulations, which have tightened significantly over the last few years, including its updated
anti-money laundering laws, known as the 5th Anti-Money Laundering Directive, or AMLD5.

In September 2019, the DNB ordered any crypto-involved entities to register with the bank, noting January 2020 as the starting point for any approval requests.

Quote
AMDAX BV further noted in its statement that: "All crypto companies need to get this registration. Without it, they cannot operate in the Netherlands.
The other Dutch crypto companies have up to November 21st to receive registration."