Well, well, well, it looks like the folks over at Coinbase have gotten themselves into a bit of a pickle. The Dutch Central Bank, also known as the DNB, has gone and slapped them with a fine of $3.6 million. And they're not the only ones, oh no, Binance, the world's top cryptocurrency exchange, got hit with a similar punishment back in July 2021.

But Coinbase, they're not taking this lying down. Oh no, they're planning to appeal against the fine. According to the regulator, Coinbase didn't fulfill the compliance requirements until September 2022. The Netherlands requires cryptocurrency companies to register as money transmitters under the anti-money laundering rules.

Now, Clem Fandango here, I ain't no expert on crypto regulations, but I do know one thing: if you're going to go Dutch, you better make sure you check the regulations. Because if you don't, you might just find yourself in the same boat as Coinbase and Binance, with a big old fine to pay.

So, Mr Armstrong, if you're listening, take note of Clem's advice and make sure you're playing by the rules. And if you're feeling generous, why not leave a little tip for this fine piece of advice?