DNB also refers to virtual currencies as cryptos. The most widely known cryptos are Bitcoin, Ethereum and Ripple.
Definition of virtual currencies
- Relevant for:
- 11 november 2019
The Wwft defines a virtual currency as "a digital representation of value that is not issued or guaranteed by a central bank or a public authority, is not necessarily attached to a legally established currency and does not possess a legal status of currency or money, but is accepted by natural or legal persons as a means of exchange and which can be transferred, stored and traded electronically".
- 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