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Crypto com fined $3M by Dutch Central Bank over severe violations

The Dutch Central Bank revealed today that it hit crypto exchange Crypto.com with a €2.85 million ($3.1 million) fine after failing to register for two years,…

The Eurosystem s Red Ink Is Really Beige

Central banks are back in the headlines, and for once, it has nothing to do with when they might cut rates. Instead, attention centers on the ECB’s…

Kraken Snags Netherlands VASP License Amid EU Expansion

Kraken Snags Netherlands VASP License Amid EU Expansion
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Dutch central bank suffers €3 5 billion loss due to higher interest rates

De Nederlandsche Bank (DNB) suffered a loss of almost 3.5 billion euros last year. Like other central banks in Europe, the DNB suffered under the increased interest rates. It had to spend considerably more on interest to banks that deposit money with it, while its interest income from bonds it bought in recent years hardly increased.

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