AMSTERDAM, Jan 26 Reuters The Dutch central bank DNB has fined U.S. cryptocurrency exchange Coinbase 3.3 million euros 3.6 million for failing to obtain the correct registration in the Netherlands before offering services.

The fine mirrors one handed to Coinbase rival Binance in July.

Coinbase said it disagreed with the DNB39;s decision, which it said includes no criticism of our actual services and was considering an appeal.

Cryptocurrency companies operating in the Netherlands have been obliged to register as money transmitters under the country39;s antimoney laundering rules since May 2020.

The DNB said Coinbase was out of compliance between November 2020 and at least August 2022, before it successfully registered on Sept. 22, 2022.

During that period a large number of unusual transactions may have gone unnoticed by the investigative authorities, it said.

The DNB said it had taken into consideration that Coinbase was one of the largest cryptocurrency companies and had a significant number of customers in the Netherlands.

Coinbase has until March 2 to appeal.

1 0.9156 euros

Reporting by Toby Sterling; Editing by David Goodman and Alex Richardson

Source Reuters