DUTCH CENTRAL BANK CRYPTOCURRENCY REGISTRATION
Amersfoort, the Netherlands - The Integrators (NL trade name: “XRPL Labs”), the driving force behind the XUMM-app, announces that it has successfully registered with the Dutch Central Bank (DNB, the Dutch Regulator) in line with regulations relating to cryptocurrency to fiat currency trading.
With the receipt of this registration from the DNB, XRPL Labs can continue to enhance its already leading XUMM-app with the exchange between fiat and XRP.
XUMM is the non-custodial client (wallet) for the XRP Ledger. XUMM allows you to interact with the XRP Ledger and 3rd party tools while keeping your keys super safe. XUMM supports signing all XRP ledger transactions, like payments & escrows, but also identification services.
Wietse Wind (founder) stated:
XRPL Labs is delighted to have been registered by the DNB. This regulatory status is another positive next step in developing our product, the XUMM-app and XUMM/XRPL ecosystem. With this registration we will soon be able to add fiat on-ramp & off-ramp to XUMM, initially only for our Dutch users, but in time we want to roll out this functionality more widely.
XRPL Labs remains committed to developing the XUMM-app to make the functionalities on the XRP ledger available for daily use.
Managing your (non-custodial) XRP balance was never this easy & user friendly. With the XRP Ledger ecosystem integrations available in XUMM like XRPToolkit & XUMM.Community, you’ll have total freedom managing and using your XRP and any other issued token/currency on the XRP Ledger.
The Integrators B.V. heeft een registratie bij De Nederlandsche Bank N.V. (DNB) als aanbieder van cryptodiensten. DNB houdt toezicht op de naleving door The Integrators B.V. van de Wet ter voorkoming van witwassen en financieren van terrorisme en de Sanctiewet 1977. The Integrators B.V. staat niet onder prudentieel toezicht van DNB of onder gedragstoezicht van de AFM. Dit betekent dat er geen toezicht wordt gehouden op financiële eisen of bedrijfsrisico’s en er geen sprake is van specifieke financiële consumentenbescherming.
The Integrators B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB supervises The Integrators B.V.'s compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the 1977 Sanctions Act. The Integrators B.V. is not subject to prudential supervision by DNB or to conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and there is no specific financial consumer protection.
With the registration being approved, XRPL Labs can be found in the Public register at the DNB (Dutch Regulator):