Nov 18, 2020 at 2:10 p.m.UTC Updated Nov 18, 2020 at 2:24 p.m.UTC Dutch Crypto Exchange Adds Extra Verification Measures Citing ‘Disproportionate’ Central Bank Requirements
Netherlands-based cryptocurrency exchange Bitonic says it has been “forced” to bring in extra verification measures due to requirements from the country’s central bank.In a notice published Monday, the exchange said it will now ask users for extra information “such as the purpose with which you intend to purchase bitcoins and what kind of wallet you use.” It said it must obtain proof from customers they are the “legitimate owner” of a bitcoin address by uploading a screenshot of their wallets, or by signing a message with the bitcoin address.Bitonic called the requirements “ineffective and disproportionate,” saying it had asked multiple times that the central bank remove the requirement.The central bank, De Nederlandsche Bank, is said to be applying the Netherland’s Sanctions Act to cryptocurrency exchanges, seeking to ensure their users and transaction beneficiaries are not on a Dutch or European sanctions list.“The Netherlands is currently the only country in the European Union where this far-reaching measure is demanded,” the exchange said.
It further called for users to “formally object” to the central bank about extra requirements and the collection of the data.Share this: Gemini Adds Cybersecurity Veteran to Executive Team news The Winklevoss twins are adding some muscle to Gemini’s security team.Announced this morning, David Damato will be joining Gemini as the Chief Security Officer.Damato joins Gemini from Tanium, a top cybersecurity firm, where he held the same position for four years.Damoto joins Gemini with over 20 years experience in the field.… Three Price Resistance Levels to Beat for Bitcoin’s Bulls markets View Bitcoin’s bull revival, as signaled by the weekly chart indicators, is still in the nascent stage and will likely become more entrenched if and when prices clear the resistance levels at $4,190, $4,236 and $4,388.
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He made the comments about… Blockchain Bites: Hedge Fund Down, Banana Bets and the Twitter Hack Fallout (Siam Pukkato/Shutterstock)Blockchain Bites: Hedge Fund Down, Banana Bets and the Twitter Hack FalloutAnother crypto hedge fund is winding down, Huobi launched a new unit to invest in DeFi and the Twitter hacker is reportedly a bitcoin millionaire.You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why… Leave a Reply You must be logged in to post a comment.Search.
