Crypto exchange firm BLOX has reportedly been successful in obtaining the regulatory greenlight, for offering services in the Netherlands – making it the first among its types, after the implementation of the EU’s AMLD5. 

Specifically, the development marks the first time a crypto-related entity approved to operate in the nation, following the official enactment of  the European Union’s 5th Anti-Money Laundering Directive (AMLD5). 

“BLOX is the first consumer-focused cryptocurrency company that will be included in the registry of the Dutch Central Bank. This registration is mandatory in the Netherlands for every company that allows its users to buy, sell, trade and hold cryptocurrencies.” The firm reportedly disclosed.

The local crypto services provider AMDAX BV was the center of attention in October this year, being the inaugural firm, in the territory with freshly renewed regulations. 

AMDAX, nonetheless, reportedly caters to investors of a larger scale. 

“AMDAX supports business as well as private investors with a portfolio – starting with investments of 2.5 Bitcoin – the trade of crypto currencies, secure storage and insured custody,” AMDAX reportedly revealed via Finextra in October. 

Now possessed visibility on a list of authorized crypto services providers, Blox BV now touts registration from De Nederlandsche Bank NV, the central bank of the Netherlands. Crypto exchange Anycoin Direct reportedly also finalized its registration already, on November 7th. 

“BLOX allows consumers to invest in their favourite digital currency for as little as €1. Therefore the approval of the Dutch Central Bank means that cryptocurrencies will remain widely accessible to the general public.” The firm further stated.