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Category: KYC

bitcoin

Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges

The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche […]

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Dutch Bitcoin exchange fends off Central Bank’s verification demands for crypto users

Netherlands-based crypto exchange Bitonic today announced that a recent court order has convinced the Dutch Central Bank (DNB) to withdraw its demands for “unlawful and onerous” user verification requirements such as mandatory wallet screenshots.

The post Dutch Bitcoin exchange fends off Central Bank’s verification demands for crypto users appeared first on CryptoSlate.

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