Registration takes place under the Wwft, and DNB assesses whether an institution acts in accordance with the Wwft in providing these services. If DNB finds that it does, we will list it as a provider of services for the exchange between virtual and regular currencies, a provider of custodian wallets, or both, in the public register.Significant risks may, however, still emerge in respect of requirements set out in the Wft or the Wtt. For example, the relevant supervisory authority may require that operational risks emerging from the provision of services for the exchange between virtual and regular currencies are adequately managed. We recommend that licensed institutions planning to provide such services contact the relevant supervisory authority in good time.
Under the Wwft, incumbent financial institutions must also register
- Relevant for:
- 11 november 2019
Under the Wwft, providers of services for the exchange between virtual and regular currencies, or custodian wallets, must register, irrespective of whether they are new players or incumbent licensed financial institutions. Institutions that hold a licence from DNB or the AFM, for example under the Financial Supervision Act (Wet financieel toezicht – Wft) or the Act on the Supervision of Trust Offices (Wet toezicht trustkantoren – Wtt), must still register.
- Base law
- Related topics
- Publication of registration forms for crypto service providers and information on one-off charges related to applications for registration and fit and proper assessments
- Registration form and notes to the form
- Implementation act does not enter into force on 10 January 2020
- NHG amends terms and conditions, prudential treatment of NHG-backed mortgage loans