Central Bank of Holland will regulate cryptocurrencies from January 2020 | America Economy

The Central Bank of the Netherlands announced that it will start regulating companies that offer cryptocurrency services from January 10, 2020. The monetary institution stressed that all companies must register with De Nederlandsche Bank if they want to remain in the asset business. digital

"In concrete terms, all companies that offer services for the exchange between cryptocurrencies and fiat money, as well as all crypto wallet providers, must register with De Nederlandsche Bank," the central bank said in a statement quoted by Reuters.

Cryptocurrency enthusiasts reacted with strong purchases that led bitcoin to overcome the US $ 10,000 barrier, with a rise of 7% at times. It is currently trading at US $ 10,626.23, up 5.64% from its price 24 hours ago, with information from CoinMarketCap.

The Netherlands currently does not recognize digital assets as legal use currencies. However, in 2018, a court in that country considered in a case of coercive fine that bitcoin, the main cryptocurrency, is a transferable value.

This announcement comes a week after the Central Bank of Brazil (BACEN) recognized Bitcoin and the rest of the cryptocurrencies as valid forms of payment.

This announcement comes a week after the Central Bank of Brazil (BACEN) recognized Bitcoin and the rest of the cryptocurrencies as valid forms of payment.

The BACEN detailed in the document "Statistics of the external sector", published on August 26, which will also include in the official statistics of the balance of payments to crypto assets acquired by Brazilians outside the country.

Although cryptocurrencies do not yet have an official status in Brazil, these are included in the third part of the report dealing with the Trade Balance. These measures show that the Brazilian central bank adopted the guidelines of the International Monetary Fund (IMF).