Dear community, Today we received the update from the Dutch | Bux announcements

Dear community,

Today we received the update from the Dutch Central Bank (DNB) that our registration as a crypto service provider in the Netherlands is still in progress. Crypto service providers that are currently still in the registration process will receive more time to complete the registration as was shared by the Minister of Finance of The Netherlands.

As the new Dutch crypto laws will be in effect as of the 21st of November 2020, we are obliged to temporarily disable all crypto deposits and withdrawals until we have the final approval for the registration from the DNB. We estimate that we can provide more information about re-enabling these functionalities in a few weeks from now.

During this period, existing users will still be able to deposit and withdraw to and from the platform with Euro. Also trading for all supported markets will remain open. To compensate users for this inconvenience, we have decided to lower trading fees to 0% for all users and also to remove the Euro withdrawal fee during this period.

We acknowledge that these temporary measures are suboptimal for our users, but they do provide us with sufficient flexibility to adhere to the new Dutch crypto laws and at the same time complete our registration application with the supervisors of DNB.

Cheers from Amsterdam,

Team BUX Crypto