Dutch regulator says crypto not yet suitable as means of payment or investment

Cointelegraph

Published May 18, 2022 08:13AM ET

Updated May 18, 2022 10:00AM ET

A Dutch regulator stated that the crypto derivatives market should be restricted to wholesale trade. The reasons are not unfamiliar — lack of transparency, market manipulation and “other forms of criminal activity.”

On May 12, the head of Capital Markets and Transparency Supervision at the Dutch Authority for Financial Markets (AFM), Paul-Willem van Gerwen, shared his opinion on the crypto derivatives trade at the Amsterdam Propriety Traders Managers Meeting.

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