Vopke Hoekstra, who holds the post of Minister of Finance of the Netherlands, sent a letter to the Parliament in which he spoke in support of international regulation ICO and crypto-currency.

As part of creating new consumer protection measures, Hoxtra plans to discuss with credit card companies the possibility of installing more reliable protection for customers using them to purchase digital currencies.

Hopstock: Netherlands is not adapted for crypto-currencies and ICO

In addition, he said, until the end of 2019, all local currency exchange and other exchanges are obliged to pass state registration and verification for compliance with the requirements of KYC.

Also, the minister suggested creating new laws to protect the ICO participants. According to him, now it is necessary to find out whether it is possible to provide them with the same level of security as traditional investors.

He stressed that the current regulatory structure is not adequately adapted to the characteristics of the crypto-currency market, Coindesk reports.

Earlier, the largest financial company in the Netherlands, ING issued a statement in which confirmed the service Exchange Bitfinex.

Author: Vasilisa Ming, Analyst Freedman Club Crypto News

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