The Netherlands qualifies among the most progressive countries worldwide in regards to financial technology. The sector has a branch that uses blockchain wallets for buying and selling cryptocurrencies. Furthermore, the country has established WestHolland: a centre for development and research employing innovations to provide new technology for all areas of the economy. In the summer of 2017, the National Bank of the Netherlands officially announced the establishment of a new department for blockchain technology development.
If you are planning to open a business with cryptocurrency in the Netherlands our company incorporation agents can help you throughout the registration process.
The Netherlands as a top destination for cryptocurrency businesses
International investors, who consider opening a company that operates in the sector of finance, and particularly in the field of blockchain technologies can benefit from the fact that the country is among the few states worldwide that accept the usage of virtual currencies. Furthermore, the Dutch Central Bank has created a digital currency called DNBCoin. And the Dutch town Arnhem is famous as the ”Bitcoin City” because all of its companies operating in the field of electronic commerce accept cryptocurrency payments.
The Dutch central authorities also recognize the potential contribution of cryptocurrency technologies to the future of the finance industry. Our consultants in company formation can provide you with detailed information on the procedure for starting a business with cryptocurrencies in the country.
Incorporation of a cryptocurrency company in the Netherlands
The opening of a cryptocurrency business in the country is not regulated by special requirements. Nevertheless, you need to register a company in the Commercial Registry in order to start operation. Our Dutch consultants in company incorporation can help you register your cryptocurrency business.
Investors planning to open Dutch companies involved with Financial Technologies with the aim of trading in virtual currencies need to be informed that the Netherlands has an established framework of such transactions.
If you need assistance in registering a virtual currency company in the Netherlands, please, do not hesitate to contact us.
Starting a crypto exchange in the Netherlands
The Netherlands has experienced a lot of Bitcoin and crypto initiatives in the early days of the new Digital currencies. The Netherlands is home to several Bitcoin and crypto vendors, who buy and sell cryptocurrency, as well as a Bitcoin exchange.
The platform has offered some insight into the regulatory framework of the Dutch Central Bank (The Financial Markets regulator). The position of the Dutch Central Bank, according to the platform is that a crypto exchange does not need a license, as long as general KYC practices are met. Customers need to be adequately identified, and Anti Money Laundering policy and compliance need to be met, which is more or less comparable to the customer identification standards of Dutch law firms.
The lenient stance on cryptocurrency exchanges has not been noticed by the main crypto platforms to date. Not only the Dutch regulators are open to Crypto platforms, a variety of Dutch banks have- and are currently facilitating the Dutch Crypto vendors- and exchanges.
The Netherlands could be an easy access to the European market, with a warm stance on crypto companies and a stable investment climate and clear regulations.
Intercompany solutions can provide you with the practical know-how to start your Dutch Cryptocurrency business or exchange. Contact us for a free consultation on your case.
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