Cryptocurrency Firm AMBTS IPO Also Suffers a Setback, ‘Strict Henkie’

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The Dutch crypto company Amdax is taking its case to the Business Appeals Tribunal (CBb) to force the Dutch Authority for the Financial Markets (AFM) to allow an IPO. The regulator is blocking the public issuance of shares of the bitcoin company Amsterdam Bitcoin Treasury Strategy (AMBTS), much to the dissatisfaction of founder Lucas Wensing, who is also CEO of Amdax. "We are supposed to register as a fund, but we argue that we are not a fund, b…