Dutch AMLD5 Implementation Leaves Crypto-Companies Footing the Bill

[sirty143]

The Dutch Ministry of Finance’s implementation of the European Union’s fifth anti-money laundering directive, or AMLD5, requires the country’s Central Bank to monitor its cryptocurrency industry. The cost of this supervision will be passed on to crypto-based businesses... See more for yourself here.

Your opinion is greatly appreciated.
 

[Fenix]

As early as June 21 of last year, the FATF issued its recommendations regarding cryptocurrency, the fight against money laundering and the financing of terrorism, which are binding on more than two hundred member states. These recommendations should be implemented in national legislation within one year, that is, before June 21 of this year. European Union authorities essentially duplicated the FATF recommendations. However, of course, states make their additions and clarifications to these recommendations. It's quite normal.