Dutch authorities recommend licensing crypto exchanges

Summary:

  • South Korean cryptocurrency exchange accidentally sends virtual currencies worth $5 million
  • Dutch authorities recommend licensing crypto exchanges
  • Top cryptocurrencies have not showed any notable moves as of yet

Tuesday’s trading has not brought larger price movements for top cryptocurrencies so far. According to CoinMarketCap, the capitalization of the whole crypto market stands around the $120 billion handle whereas the capitalization of altcoins sits a little below the $57 billion mark.

Bitcoin (BITCOIN on xStation5) is trading around the levels seen yesterday at press time. Source: xStation5

Dutch authorities recommend licensing crypto exchanges

De Nederlandsche Bank, the Dutch central bank, and the Netherlands Authority for the Financial Markets, the Dutch financial authority, published a report concerning recommendations for crypto regulations. The authorities of the Netherlands suggested in the document that crypto service providers should be licensed as “cryptos carry high financial crime risks”. The Dutch authorities said that “criminals can still use cryptos to conceal the origin of their funds” despite the decreasing cryptocurrencies’ popularity. “These risks must be addressed effectively, which can be achieved as a result of the international coordination of countermeasures that AMLD5 provides”, as the report said. As a result, the authorities said that the licence regime could be better than the current registration system.

Ethereum (ETHEREUM on xStation5), like a majority of its crypto peers, has been trading rather flatly so far today. Source: xStation5

South Korean crypto exchange accidentally sends cryptocurrencies worth $5 million

Coinnest, the South Korean cryptocurrency exchange, had accidentally sent to clients cryptocurrencies worth 6 billion of Korean wons (over 5 million of US dollars) in an airdrop, as Coindesk Korea reported. The company announced this computer error last week. Moreover, Coinnest has asked its customers to return received cryptocurrencies.

Ripple (RIPPLE on xStation5) has not seen any major moves so far. The cryptocurrency is trading a little above the $0.31 handle at press time. Source: xStation5

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