Bitstamp Requires Its Users Provide Additional Info, To Align Itself With Reg...
Bitstamp cryptocurrency exchange moves forward to comply with regulations and requires its users to provide information about their original source of wealth. The company informed its users about the change in the exchange’s policy via emails sent on Wednesday and asked them to submit additional information on the trading platform. Related Reading | Iran’s Illegal […]
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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....
Bitstamp traders based in the Netherlands now have even more regulatory hoops to scale before being able to withdraw their funds. Crypto exchange platform Bitstamp is reportedly demanding additional Know Your Customer compliance steps for Dutch-based users.According to a notice sent to Twitter user “Bitcoin Marcus,” — a Bitstamp user — the platform says account holders in the Netherlands have until the end of January to provide additional verification documents or risk their accounts being suspended.Today @Bitstamp has gone even further than the law requires. They now want me to: - show....
Bitcoin options markets are pricing further downside while margin traders are going increasingly long. Bitcoin (BTC) dipped below $40,000 support on April 18, and the two-week 15% correction was enough to prompt predictions of $30,000 prices in the near term. Meanwhile, regulatory uncertainties continue to be a key concern for investors, including the failed European Know Your Customer (KYC) and Anti-Money Laundering (AML) proposed rules for ”unhosted” private wallets. For instance, exchanges started to demand additional information on their users just last week, causing some discomfort to....
Popular bitcoin exchange BTC China (which by surprise happens to be the world's largest BTC exchange) is now requiring users to prove their identity when creating or utilizing a trading account, according to CoinDesk. The message provided to users upon logging in: "In response to a recent policy shift, BTC China now requires users to submit identification or a passport number. Existing users will need to provide this information upon login. We apologise for any inconvenience." Users outside of China are seemingly not affected by the policy change. Some who submitted passport numbers are....
BitStamp, one of the world's leading Bitcoin exchange platform, recently informed its users about suspending its services temporarily in the wake of a security malfunction. According to the available sources, the Slovenia-based exchange allegedly suffered an RNG attack following which its hot wallets stopped processing deposits and withdrawals. It is the same attack which impacted Blockchain. INFO last month. As per BitStamp informed its users, no coins were lost in the incidence. However, the private keys to old addresses might have been lost, or stolen. The notice said: Dear customer,....