Posted 9/30/2023, 8:00:22 PM
Gemini Exchange Withdrawing from Netherlands Due to New EU Crypto Rules
- Gemini crypto exchange stopping services in the Netherlands on Nov 17 due to central bank requirements
- Customers need to withdraw crypto and fiat balances by that date or Gemini can sell remaining assets
- Gemini waiving internal trading fees to ease transition
- Possibility of reopening Dutch accounts in future once compliant with new EU crypto rules
- New EU laws aim to regulate crypto assets and combat financial crimes