Gemini will stop providing services to Dutch users on November 17

Odaily news: Cryptocurrency exchange Gemini has decided to withdraw from the Dutch market. Gemini said it was unable to meet the requirements of local regulators but hoped to return to the Dutch market in the future. Gemini wrote to Dutch users on September 26 that due to the requirements of the Dutch central bank DNB on cryptocurrency exchanges, the Gemini platform will suspend operations in the Netherlands on November 17. Users can choose to withdraw assets or transfer them to other wallet addresses. Gemini advises Dutch users to transfer funds to Bitvavo, a local cryptocurrency exchange registered with the DNB. Amsterdam-based Bitvavo was founded in 2018 and is a member of the Dutch Association of Bitcoin Companies. (Cointelegraph)