Dutch derivatives exchange Deribit moves to Panama due to strict local anti-money laundering regulations

Deribit, an Amsterdam-based crypto derivatives exchange, announced on Thursday that it will operate in Panama under the name DRB Panama Inc. from February 10, a wholly-owned subsidiary of the current platform Deribit BV. Deribit claims that the Netherlands has imposed "very strict" anti-money laundering (AML) regulations on cryptocurrency companies and has therefore chosen to operate in Panama.