Bitstamp asks users to update the source of their crypto, citing regulatory c...

Bitstamp asks users to update the source of their crypto, citing regulatory c...

Bitstamp now requires users to provide info like nationality, place of birth and tax residency, in addition to documents proving the origin of crypto and the annual income. Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth.In an email notification to users on Wednesday, Bitstamp informed its customers about the ongoing policy upgrades on the platform, with the exchange seeking additional info about its clients, one Bitstamp user told Cointelegraph.The email reads:“We work closely....


Related News

It's Not Just You: BitStamp Down

It's not just you, folks. BitStamp appears to be down at the moment. A number of users on Reddit have reported issues accessing the Bitcoin exchange's website in the past hour or so. No indication as to what the issue is, but users are greeted with an "Internal Server Error" upon accessing the website. Perhaps not the friendliest of messages in the midst of a crucial trading period. We'll update this post just as soon as we have more information on the outage. Update [12:28PM Eastern]: Looks like the website is up, but with spotty performance.

Did a Bitcoin Exchange Just Lose 12% of Its Bitcoins? Possible Bitstamp Hack Address Contains 18,866 Stolen BTC

A bitcoin address containing ~18,866 bitcoins may hold the stolen bitcoins from the Bitstamp hack on January 4th. Bitstamp confirmed last night that "we have reason to believe that one of Bitstamp's operational wallets was compromised on January 4th, 2015." According to data maintained by Bitstamp users keeping an eye on the public Bitcoin blockchain, Bitstamp may have been "hacked" for 12% of its bitcoins. UPDATE: Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet. Bitstamp has repeatedly reminded its users, who are currently locked out of the site,....

Wallet Breach Causes Bitcoin Exchange Bitstamp to Temporarily Suspend Service

Bitcoin exchange Bitstamp has temporarily suspended service as a result of a confirmed Bitcoin wallet breach. Earlier today, Bitstamp started by taking unusually long to process bitcoin withdrawals. Later, Bitstamp also changed its Bitcoin deposit system and gave every user a new Bitcoin deposit address. Deposits made to old Bitstamp deposit addresses will "not be honored." Also read: Bitcoin Exchange Bitstamp Withdrawals and Deposits Stopped after Possible RNG Attack. Bitstamp Website Locks Out Users. Bitstamp users, who were using innovative methods such as Ripple to get their money out....

Bitstamp to Stamp Out Unverified Customers' Accounts in Three Days

Customers who do not verify their Bitstamp accounts by November 13 could have their funds seized by regulatory authorities. On Monday, bitcoin exchange Bitstamp issued a reminder to customers that they have three days to verify their accounts. Following that deadline, the company will close the accounts, and government regulatory agencies can seize any remaining funds. Also Read: Bitstamp Provides Proof Of Bitcoin Solvency As First Step Towards A Real Financial Audit. Unverified Bitstamp Accounts Have Three Days to Comply. Nearly four weeks ago, Bitstamp announced customers had until....

Celsius Asks Users To Update Personal Info, Is It Time For Crypto Distribution?

It has now been more than one year since crypto lender Celsius Network filed for bankruptcy, leading to a rollercoaster 13 months for investors so far. However, there may finally be an end in sight for users who have their funds stuck on the platform as it looks like Celsius is getting ready for fund […]