Dutch crypto startup disputes with regulators over scope of EU anti-money laundering regulations

According to CoinDesk, the EU Anti-Money Laundering Directive (AMLD5) will take effect in January 2020, and Dutch regulators hope to implement the directive before the January 10 deadline, and Dutch crypto startups have protested loudly. The Dutch Ministry of Finance (FIN) and the Dutch National Bank (DNB) have given their own explanations, but critics have said the directive could cause irreparable damage to the immature crypto industry. The Independent Legal Review stated that the proposed implementation plan intentionally misled the Dutch Parliament.