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Coinbase Slammed With $3.6 Million Fine in the Netherlands

Reuters reports that Coinbase, a leading cryptocurrency exchange has been sanctioned in the Netherlands by the Dutch Central Bank (DNB). Coinbase broke regulatory protocols by failing to complete the required registration status before offering services in the country.

The penalty comes with a $3.6 million fine, similar retribution was given to Binance, the world’s top cryptocurrency exchange in July 2021.

Coinbase plans to appeal against the fine, disagreeing with the apex bank and insisting that none of its services were against the country’s regulations.

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