THELOGICALINDIAN - A Dutch bitcoin BTC barter has filed a basic admonition at a cloister in Rotterdam to append the axial banks added walletverification requirements Bitonic seeks to claiming the new rules allowable by the De Nederlandsche Bank DNB on Sept 21 2024
Dutch Exchange Argues Additional KYC Rules Lack ‘a Proper Legal Basis’
Per the bitcoin exchange’s announcement, the added apperceive your chump (KYC) requirements imposed by the axial coffer breach users’ privacy. However, the crypto close clarifies that the acknowledged obligations “are not beneath discussion” aural this case.
A area of the aboriginal set of rules published by the Dutch axial coffer in 2019 reads:
But back Bitonic was granted allotment as a “provider of crypto services” by the DNB, they were appropriate to accede with the new measures that they disagreed with in the aboriginal instance. At the time, the bitcoin barter said:
Following absolute able advice, the aggregation claims the added KYC claim “lacked a able acknowledged basis.” Bökkerink Compliance International provided the advisory.
The Netherlands-based bitcoin barter commented on the matter:
KYC Rules Are Still a Controversial Hot Topic Among the Dutch Crypto Community
The history of the Netherlands attractive to adapt the crypto industry dates aback to 2018. The government argued that they capital to anticipate money bed-making and declared agitator costs that cryptocurrencies could be favoring.
However, the KYC measures implemented by the Dutch axial coffer sparked altercation amid the bounded crypto community. In fact, Dutch users accept been complaining on amusing media about crypto barter Bitstamp’s aloofness to claiming the DNB’s rules.
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