Dutch court rules that the Dutch central bank has no right to charge crypto companies like Coinmerce for money laundering registration fees

According to Foresight News, a Dutch court ruled that the Dutch Central Bank (DNB) exceeded its legal authority by charging money laundering registration fees to crypto companies such as Coinmerce, stating that "DNB's evaluation of registration requests violates the scope of registration obligations of cryptocurrency service providers stipulated in the EU Anti-Money Laundering Act. Under the current cryptocurrency regulations, it is impossible to legally charge crypto service providers for 2021 regulatory fees." The ruling has no impact on the fees for 2020, and a separate legal case regarding the fees for 2022 is still ongoing.

Foresight News previously reported that Binance Netherlands customers signed an agreement with Dutch cryptocurrency platform Coinmerce, allowing users to automatically transfer cryptocurrencies to Coinmerce accounts with one click before August 17.