TechFlow news — cryptocurrency exchange Gemini has decided to exit the Netherlands, citing its inability to meet regulatory requirements, though it expressed intentions to return to the Dutch market. In a letter sent to Dutch users on September 26, Gemini requested that they either withdraw their assets or transfer them to another wallet address. As of November 17, the platform will cease operations in the Netherlands.
Gemini has recommended users transfer their funds to Bitvavo, a local cryptocurrency exchange registered with the DNB. Based in Amsterdam and founded in 2018, Bitvavo is a member of the Dutch Bitcoin Association.
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