To Comply With Regulations, Bitstamp Has Implemented Stricter KYC Measures For Dutch Users
Rhythm BlockBeats news, according to The Block, the cryptocurrency trading platform Bitstamp has implemented stricter KYC measures for Dutch users. "If we want to continue doing business in the country, we have an obligation to comply," said David Osojnik, the platform's CTO.
According to these measures, which came into effect on January 15, Dutch users of Bitstamp will not be allowed to transfer cryptocurrencies to external addresses if the user does not meet the KYC rules. Specifically, before a user can transfer cryptocurrency from Bitstamp to an external address, the address must be added to a whitelist and provide a photo proof that it is the user's address. This means that Bitstamp no longer allows direct transfers to third parties, and users must first withdraw cryptocurrencies from Bitstamp to their own wallets before sending those funds to a third party.
As previously reported, the Dutch central bank (De Nederlandsche Bank) has been regulating the provision of crypto services in the Netherlands since last year. business. At the time, the DNB said that cryptocurrency companies must register with it and comply with anti-money laundering and sanctions regulations.
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