Regulation

The Dutch financial regulator, The Netherlands Authority for the Financial Markets (AFM) has published a letter addressed to new and currently existing institutions invested in cryptocurrencies.
Licensing Requirements for Dutch Investment Institutions
The AFM to clarify what circumstances in which the administrator for an investment institution will be required to seek licensing from the regulator.
No distinction is made between different forms of investing.”
The AFM has “drawn up a number of questions” that administrators of institutions invested in cryptocurrencies will be required to answer in order to apply for the required licensing.
Said requirements pertain to the institution’s liquidity management, valuation protocols, the product development process, and storage considerations.
What is your response to the AFM’s new licensing apparatus for institutions invested in cryptocurrencies?

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