Article overview
Aldus Amdax
Returns on investment first, the tax authority second
The Dutch government still cannot get its Box 3 reform over the line, and crypto investors are falling through the cracks. From 2028, financial instruments are only taxed when sold, even if they track bitcoin. Crypto you hold yourself is taxed on paper gains. That is unfair, but no reason to look at crypto differently. When you invest, you first decide where the returns are. Only then does tax come in.
Aldus Amdax
Sailing against the wind
Anyone who followed the news these past few weeks could reach just one conclusion about bitcoin. The American crypto bill stalled in the Senate, the war with Iran flared up again, and oil pushed back well above a hundred dollars. There was no reason at all for optimism. And the price rose anyway. Into the wind. And to understand that the last place to look is the newspaper.
News
New at Amdax: Earn
As of today, there's a new way to hold bitcoin at Amdax. Alongside Vault, we're introducing Earn: a portfolio in which you pay no service fee on the assets you place in it.
Aldus Amdax
Put that bitcoin to work
MSCI wants to remove Strategy and Metaplanet from its global indexes. The industry's response is predictable: bafflement, discrimination, an attack on bitcoin. Almost no one is asking the question that actually matters, which is whether MSCI might have a point. We think it does. And for bitcoin companies, that is the best opening in years to show what they actually do with their digital capital.
News
COLDCARD theft shows hardware wallets are a risk
Bitcoin holders lost their assets to the very device that was supposed to protect them. A flaw in COLDCARD's firmware made seed phrases predictable; attackers drained vulnerable wallets, now totaling more than 1,300 bitcoin. The victims did exactly what experts had been advising for years: hold your own keys. That is precisely what makes this theft so painful. If you hold your own bitcoin, you are not relying on a single device but on an entire chain that has to work flawlessly for years. And that chain fails more often than many investors realize.
Aldus Amdax
The curse of the third generation
The fortunes of wealthy families usually evaporate within three generations. Only three in ten families hold on to theirs any longer, and economist Maarten de Groot discovered in his doctoral research at VU Amsterdam that this has little to do with money. "It's not about money. It's about the family," he summed it up in de Volkskrant. That research is relevant not only to the ultra-rich, but also to the early crypto investor. That person has by now become a first generation of their own. And so they run into the same question: what happens next?
Aldus Amdax
The power of the boring middle ground
Bitcoin recently dropped to 58,000 dollars, more than halving from its peak of 126,000. In a bear market like that you see various strategies, or the lack of one, pass by: pulling the handbrake at a preset level, selling in blind fear, or doing nothing at all and riding the whole way down. The market proves that timing is a lottery, even with the best tools. That is why, as far as I am concerned, the biggest chance of return lies somewhere else: in the boring middle ground.
Aldus Amdax
Gold through a fiber optic cable
Last week I came across two sharp analyses on X, both reaching the same conclusion: the crypto market no longer needs bitcoin. Speculation has moved to artificial intelligence, transactions to the dollar via stablecoins, and returns to protocols that actually generate revenue. For this cycle, that holds up. But it says nothing about the question that matters thirty years from now: which asset can no one take from you?
Aldus Amdax
From snail's pace to full speed ahead
In the traditional financial system, stock transactions carry a built-in delay, and a risky one at that. The settlement process still traces its roots back to the paper era. Crypto and blockchain technology offer a real solution, and the biggest players in the market are starting to take notice.
Aldus Amdax
My second brain
Can you remember the last time you used Google as a search engine? I have to dig deep for that one. Over the past few months, AI has become my daily sparring partner. It works as a second brain that helps me structure my thoughts, sharpen my thinking and learn faster. And what surprised me most: that same efficiency creates room for what actually matters in my work, namely personal contact and relationship management.
Aldus Amdax
From Ugly Duckling to Swan
For a long time, the crypto industry was the ugly duckling of the financial world. Traditional institutions and the media treated it like a Calimero, that cartoon chick forever protesting that the big ones are picking on the little one. An obnoxious adolescent, its excesses every bit as ripe as a fifteen-year-old's armpits. But now that institutional investors and banks are increasingly embracing the value of crypto technology, it's high time we put that aggrieved chirping behind us once and for all. Let's just call it what it is: a swan among swans.
Aldus Amdax
Back again
The Aldus Amdax is back. Five years ago it started as a counterweight in a space full of noise, hype and polarisation. Now, with forty columns in the archive and a market that has been through quite a lot since then, we are picking up where we left off. Fortnightly, written by people who work in the crypto space every day. With an opinion, without a dogma. And with the conviction that good analysis is scarce, but needed more than ever.
Persberichten
Amdax sees more business investors due to Box 3 uncertainty
Amsterdam, September 15, 2026 - Amdax has seen applications for business accounts rise over the past few years. The fiercer the political fight in The Hague over the wealth tax, the greater the interest seems to grow. More and more investors are exploring how to hold bitcoin and other digital assets through a BV (a Dutch private limited company). In those conversations, Box 3 usually comes up within the first five minutes.
Persberichten
Amdax strengthens infrastructure with strategic stake in Custodiex
Amdax, one of the Netherlands’ leading digital asset service providers, today announced that it has acquired a strategic stake in UK-based Custodiex. With this move, Amdax and Custodiex are reinforcing their positions in institutional custody solutions, as part of a broader infrastructure that also includes trading, staking, and on- and off-ramping services.
Persberichten
Amdax receives MiCAR license and strengthens its European position as a regulated crypto service provider
Amsterdam, 26 June 2025 - Amdax, one of the Netherlands’ leading crypto service providers, has received its MiCAR license from the Dutch Authority for the Financial Markets (AFM). With this license, Amdax complies with the new European regulation for crypto markets: the Markets in Crypto-Assets Regulation (MiCAR).
Persberichten
Amdax becomes the first crypto service provider in the EU to complete the ISAE 3000 Type II audit
Amsterdam, June 3, 2025 – Amdax is proud to announce that it is the first crypto service provider in the European Union to successfully complete the ISAE 3000 Type II audit. This achievement builds on the Type I audit that the company completed in 2023, which verified that the internal controls were properly designed as of 1 December 2023.
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