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Gemini to Cease Offering Crypto Services in Netherlands in November
The exchange said it is taking the step due to requirements imposed by the De Nederlandsche Bank (DNB).
Cryptocurrency exchange Gemini will stop offering services to customers in the Netherlands from Nov. 17, citing regulatory pressures.
The company said it is taking the step "due to requirements imposed by the De Nederlandsche Bank (DNB)," in a message on its website's support page.
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Customers have been asked to ensure they have withdrawn their crypto and fiat balances by Nov. 17.
Gemini added that it hopes to get its business ready to comply with the European Union's (EU) Markets in Crypto-Assets Regulation (MiCA) in order to offer services to Dutch customers again.
Read More: Gemini Pulled $282M Earn Users' Funds From Genesis Last Year to Protect Customers
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
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