Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transfe...
Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, they must identify the wallet owner’s name, the purpose of transfer, and the full residential address of the recipient. On June 27, Coinbase Says KYC Info Will Be Required in the Netherlands for Outgoing Crypto Transfers Dutch Coinbase....
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Bitcoin services company Coinbase recently decided to discontinue its services in Wyoming, after being capsized by the state's "impractical" demands. The Californian company briefly explained the issue on its blog, saying that the Wyoming Division of Banking expects Coinbase to be treated as a Money Transmitter Service, for it acts as a financial intermediary - a third party that holds the customers' funds on its online Bitcoin wallet. While this may seem very normal on layers, the real trouble lies in the fact that a licensee is further required to "maintain dedicated fiat currency....
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U.S.-based crypto exchange Coinbase is approved by De Nederlandsche Bank, the central bank of the Netherlands. The United States-based cryptocurrency exchange Coinbase continues its aggressive expansion in Europe, with the latest regulatory approval coming from the land of tulips.Coinbase officially announced on Thursday that it had received registration from De Nederlandsche Bank (DNB), the central bank of the Netherlands. The regulatory approval allows Coinbase to offer its retail and institutional crypto products in the Netherlands.According to the official DNB records, Coinbase is one....
Crypto exchange Coinbase has received approval to offer its full suite of retail and institutional crypto products and services in the Netherlands. “We have taken strides to work collaboratively with government, policymakers, and regulators to shape the future in a responsible way,” Coinbase said.
Dutch Regulator Approves Coinbase
The Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Thursday that it “has successfully registered with the Dutch central bank (De Nederlandsche Bank — DNB) as a crypto service provider.” The....
Dutch users need to provide the recipient's full name, the purpose of transfer and full residential address to move digital assets off the platform. In a new blog post published Thursday, Coinbase says that starting Monday, all of its customers in the Netherlands will need to complete new Know Your Customer, or KYC, requirements when transferring digital assets to wallet addresses that are not based on the exchange. This includes providing the recipient's full name, the purpose of the transfer and the recipient's complete residential address. Transfers between Coinbase accounts are not....