Join Our Mailing List
Monday May 29, 2023
Bitcoin (BTC) $27,902.48   Ethereum (ETH) $1,903.08
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Regulation

Crypto exchange company Bitonic now registered with the Dutch Central Bank

Published by CryptoNinjas.net
12/08/2020
Crypto exchange company Bitonic now registered with the Dutch Central Bank

Last month, Netherlands-based bitcoin exchange company Bitonic (also operator of BL3P) became officially listed in the crypto-register of the Dutch Central Bank (DNB). The Bitonic team implemented all required measures and has continued services to its customers. The new legal requirements originate from the fifth European Anti-Money Laundering Directive (AMLD5) which is implemented via changes in the Dutch anti-money laundering law.

Dutch legislation obliges Bitonic to verify customer identities through passports, ID cards, and/or driver’s licenses. This applies to all amounts, even customers buying for an amount as little as €5. Additionally, Bitonic is required to check transactions and monitor their origin and behavior based on risks.

“Bitonic has mixed feelings about the new legislation. On the one hand, it would be expected that legislation would eventually come into effect and that creates a certain legitimacy of the market. We are of course also in favor of combating fraud, money laundering, and other criminal activities. On the other hand, we are very concerned about proportionality, the criminalization of the industry, and especially the privacy of our customers. We see that European legislation has been introduced in other European countries with a greater understanding of the market and technology. Of all those countries, the Netherlands appears to face the most extreme demands, and we are very disappointed by this.”
– The Bitonic Team

116
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Dutch bitcoin exchange BL3P confirms support for Lightning Network

06/01/2022
Dutch bitcoin exchange BL3P confirms support for Lightning Network

BL3P, a bitcoin exchange based in the Netherlands, has now confirmed that following its new trade engine launch, it also has integrated Lightning. Soon to be live, Lightning is currently only available for internal...

Read more

Dutch central bank revokes wallet-verification requirement for bitcoin exchange Bitonic

05/20/2021
Dutch central bank revokes wallet-verification requirement for bitcoin exchange Bitonic

Bitonic, a Netherlands-based bitcoin exchange company, announced that De Nederlandsche Bank NV (DNB), the central bank of the country, has acknowledged a recent objection made by Bitonic with regard to the so-called wallet verification...

Read more

European bitcoin exchange BL3P to remove Litecoin (LTC)

04/01/2021
European bitcoin exchange BL3P to remove Litecoin (LTC)

BL3P, a Netherlands-based bitcoin exchange, announced that it has decided to phase out Litecoin (LTC), which means the corresponding LTC/EUR trading market will be removed from the platform. See below the process the company...

Read more

Netherlands bitcoin exchange BL3P launching first mobile app

03/26/2019
Netherlands bitcoin exchange BL3P launching first mobile app

One of the most secure bitcoin exchange company's in Europe, Netherland's based BL3P,  has finally completed the development on a mobile trading experience for its users. The mobile app is now available in a...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy