Bitonic regulatory clash shows power of FATF
The Dutch central bank has taken a U-turn on KYC and AML requirements it had imposed on digital asset providers, after the court directed it to consider the objections raised by the Bitonic exchange.
The Dutch central bank has taken a U-turn on KYC and AML requirements it had imposed on digital asset providers, after the court directed it to consider the objections raised by the Bitonic exchange.
DNB has reversed its decision to tighten up the rules around withdrawals from digital currency exchanges, over concerns the measures amounted to an unnecessary invasion of customer privacy.
Bitonic, a Dutch-based digital currency exchange, is unhappy with the new KYC process that the Dutch Central Bank is demanding they implement.