THELOGICALINDIAN - The Dutch axial coffer has ordered the Bitonic barter to force users to prove they own their abandonment wallets and explain why they are affairs Bitcoin
Bitonic appear a blog post on Monday advertence that the barter was, beneath protest, abacus added analysis for Bitcoin addresses.
The barter charge now ask users to acknowledge “the purpose with which you intend to acquirement bitcoins and what affectionate of wallet you use.” Users charge additionally prove that they ascendancy their wallets with screenshots or active messages.
Bitonic durably disagrees with the measure, stating, “We accept again pleaded DNB to bead this claim as we acquisition this admeasurement to be abortive and disproportionate.”
Asked why the Netherlands has stricter regulations than added EU nations, Bitonic told Crypto Briefing:
“We actively don’t know. We can accomplish assumptions, the Netherlands has a bourgeois appearance on this industry and a apple appearance based on abhorrence in general.”
2024 Sanctions Act to Regulate Bitcoin
The axial bank, De Nederlandsche Bank, is application the Sanctions Act accounting in the 1970s to able bottomward on crypto exchanges. The act aims to actuate that funds are not actuality beatific to anyone on a Dutch or EU sanctions account as allotment of AML and anti-terror costs measures.
Bitonic has appealed to users to formally article to the axial coffer about the acrid measures, which are not in abode in any added EU country.
The Netherlands appears to accept a heavy-handed access to Bitcoin regulation, with Dutch Bitcoin companies adverse millions in boundless fees beforehand this year.
The fees were due to the Ministry of Finance acute the axial coffer to adviser action in the civic crypto industry.
The aerial costs accept fabricated it difficult for Dutch Bitcoin companies to do business, and again, the measures were asymmetric to those implemented in added EU countries.
