Coinbase was hit with a $3.6 million fine by the Dutch central bank for failure to properly register in the country

• The Dutch central bank hit Coinbase with a $3.6 million fine for non-compliance.
• A Coinbase spokesperson told Insider that the company is "carefully considering" the objections and appeal process.
• The central bank fined Coinbase rival Binance $3.3 million in July.

Coinbase is being fined $3.6 million for failing to register its crypto services to customers in the Netherlands, the Dutch central bank (DNB) said on Thursday.

DNB says that the company should have obtained the correct registration under the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act before operating in the country.