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Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure

Crypto regulation in the Netherlands has led Gemini to discontinue its services in the country. In an email sent to users today, the exchange announced that it will cease offering its services starting November 17, 2023. This move comes in response to stipulations put in place by the De Nederlandsche Bank (DNB), the Dutch central bank. The announcement adds to a series of operational halts by crypto platforms, including Binance earlier this year, in the country. Gemini is not completely severing ties with the Dutch market, however. The decision by Gemini reflects a broader trend of crypto regulation tightening in the Netherlands and the EU at large.

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