Bitcoin released in the Netherlands after approval of first retail-oriented crypto platform

Dutch investors can now invest in crypto assets, thanks to a new company registration approved by regulators

The BLOX exchange received authorisation to operate in the Netherlands, becoming the first platform to do so since the country implemented the 5th EU Anti-Money Laundering Directive, or AMLD5.

„BLOX is the first consumer-focused cryptomaniac company to be included in the Dutch Central Bank’s registry,“ the company said in a blog announcement today. „This registration is mandatory in the Netherlands for all companies that allow their users to buy, sell, trade and maintain cryptomoeda.

Dutch-based crypto service provider AMDAX BV made headlines in October as the inaugural company of its kind in the newly regulated region.

AMDAX, however, markets to larger investors. „AMDAX supports companies and private investors with a portfolio – starting with 2.5 Bitcoin investments – trading crypto, safe storage and insured custody,“ an October AMDAX statement said at Finextra.

Visible on a list of approved crypto service providers, Cryptosoft now proclaims the registration of De Nederlandsche Bank NV, the central bank of the Netherlands.

„BLOX allows consumers to invest in their favourite digital currency for just $1,“ explained the company’s blog. „Therefore, the Dutch Central Bank’s approval means that the crypto currency will remain widely accessible to the general public.

In contrast to the three recently approved entities, the Deribit digital asset derivatives exchange left the Netherlands in January 2020 to avoid the new regulations.