Dutch financial authority vows to stay tough on crypto sector under MiCA.
The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article.
We do not think cryptos are good news. They are difficult to fathom, vulnerable to deception, fraud and manipulation. According to AFM’s own estimates, the number of crypto owners in the Netherlands is just under 2 million and most of them invest less than €1,000. Van Geest also acknowledged that the link between the crypto world and the traditional financial sector in the country is still limited.on MiCA last year. It introduces rules for crypto service providers across the 27-strong bloc and they will need regulatory approval to operate in the common market.
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