Coinmerce B.V. is a registered provider of crypto services with De Nederlandsche Bank (DNB). The registration ensures that Coinmerce B.V. complies with the following regulations:
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Money Laundering and Terrorist Financing (Prevention) Act (Wwft)
Sanctions Act 1977 (Sw)
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​Key Points:
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​Registration with DNB:
Coinmerce B.V. is monitored by DNB to ensure compliance with anti-money laundering and anti-terrorist financing laws.
Scope of Supervision:
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​DNB Monitoring:
Focuses on compliance with Wwft and Sw.
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​No Prudential Supervision:
DNB does not supervise Coinmerce B.V. for financial stability or business risk management.
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​No Conduct Supervision:
The Authority for the Financial Markets (AFM) does not oversee Coinmerce B.V.'s business practices.
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​Implications for Consumers:
There is no supervision of Coinmerce B.V.'s financial requirements.
Consumers do not receive specific financial protection from DNB or AFM.
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​Summary:
​While Coinmerce B.V. complies with important anti-money laundering and anti-terrorist financing regulations monitored by DNB, it is not subject to prudential or conduct supervision. This means that consumers should be aware that there is no oversight on Coinmerce B.V.'s financial stability, business risks, or specific financial consumer protections.