Gemini Suspending Operations in Netherlands Due to Regulatory Hurdles, Users Urged to Withdraw Assets

Gemini to halt operations in Netherlands by November 17 due to inability to meet DNB requirements
Users asked to withdraw assets or transfer to other wallet before suspension date
Gemini intends to return after getting business ready to be fully MiCA compliant
Binance also stopped Dutch operations over summer due to lack of DNB approval
Currently 37 virtual asset providers registered with DNB, including eToro, Coinbase, Crypto.com

cointelegraph.com

Relevant topic timeline:

8/21/2023

Crypto Exchange Gemini Slams SEC in New Court Brief in Lawsuit Over Earn Program - The Daily Hodl

Crypto exchange Gemini dismisses the SEC's lawsuit against its Earn program, claiming that the regulatory agency is floundering and contradicting itself in its classification of the program as a security.

9/28/2023

Gemini Defends $282M Genesis Withdrawal, Claims It Protected Earn Users Amid Ongoing Dispute with DCG

Gemini, a cryptocurrency exchange, refutes allegations that its co-founders secretly withdrew millions of dollars from the crypto bank Genesis, stating that the $282 million pulled was actually diverted to a liquidity reserve for the benefit of its customers, while accusing DCG and Genesis' CEO of planting the story in the New York Post.