Cryptocurrency Q&A
Why did crypto com get a $3.1 million fine?
Why did crypto com get a $3.1 million fine?
Maria
Fri Feb 28 2025
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5
answers
1375
Crypto.com recently received a $3.1 million fine. I'm curious about the reasons behind this penalty. What were the specific violations or issues that led to such a significant fine being imposed on them?
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5 answers
Martino
Sun Mar 02 2025
The fine was a result of the exchange operating within the Netherlands without completing the necessary registration process.
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EnchantedNebula
Sun Mar 02 2025
The Dutch regulator decided to increase the fine due to several contributing factors.
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JejuJoyfulHeartSoulMate
Sun Mar 02 2025
One of the reasons was that Crypto.com had a considerable number of customers in the Netherlands.
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GyeongjuGlory
Sun Mar 02 2025
Another factor was the exchange's failure to pay the required supervisory fees.
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GangnamGlamour
Sun Mar 02 2025
Crypto.com encountered a penalty amounting to $3.1 million imposed by the Dutch central bank.
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