The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article.
We do not think cryptos are good news. They are difficult to fathom, vulnerable to deception, fraud and manipulation. According to AFM’s own estimates, the number of crypto owners in the Netherlands is just under 2 million and most of them invest less than €1,000. Van Geest also acknowledged that the link between the crypto world and the traditional financial sector in the country is still limited.on MiCA last year. It introduces rules for crypto service providers across the 27-strong bloc and they will need regulatory approval to operate in the common market.
'No kidding! It's almost like they were designed to be confusing and open to abuse or something...'
Dutch would love to ban crypto full stop… because Rutte dogs cant control it easily…
As a person who worked in a financial institution, there are more fraud cases in the traditional financial system than in cryptos
GarethSoloway said' Bitcoin is a digital Gold but need to be regulated. Agreed 👍 but people have control of their own money so why should anyone mind but the 1% of the world.
This is double standard and pure nonsense. What about the current centralized financial system which is close to collapse?
Analysis and patience make up 99% of the work, placing a trade the remaining 1%. Analysis + patience = Great profits!
No doubt 🧐 like every conventional assets experience
Fraud and greed are in current financial systems
'Well, there goes my chance of becoming a millionaire by tomorrow. notsofunnyanymore'
The bears and shorts desperately fighting to push bitcoin below $27k but it just keeps bobbing back up.
Logical reaction from a Orwellian country like The Netherlands
Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals!
Totally agree, but I only use ChiefraFba for signals and analysis
Bullish change my mind