Dutch Central Bank Wants to Regulate Crypto Service Providers

The Dutch Central Bank (DNB) announced it is considering oversight of cryptocurrency-related companies, to ensure against financial crimes, reported De Telegraaf. The DNB also came up with a critical statement, outlining several drawbacks of cryptocurrencies.

“The biggest shortcomings [of cryptocurrencies] are inadequate capacity, inefficiency due to high energy consumption and lack of complete certainty about completing a transaction,” explained the central bank.

The DNB performed its own experiments with blockchain and di…

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