In the Satoshi Radio podcast (in Dutch), Simon Lelieveldt was invited to discuss the upcoming AMLD5 transposition into the Dutch laws. With Bart Mol en Wijnand Luijtjes he set out to explain it in terms that even their grandma could understand…. 😉
The European 5th Anti Money Laundering Directive ((EU) 2018/843) explicitly provides for a registration mechanism for crypto-service providers (those who offer fiat-crypto exchange services or provide hosted crypto wallets). While the Directive started out with the obligation of a license or registration regime for cryptoplayers, the possibility of a license regime has been explicitly been struck out in the final text, for considerations of proportionality.
However, the current text (november 2019) in Dutch Parliament lays out a supervisory regime in disguise, which is beyond the necessities of the AMLD5 and goes against the advice of the Council of State.. See the full update on this issue at my Medium blog.