{"id":31987,"date":"2020-11-18T18:05:53","date_gmt":"2020-11-18T16:05:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31987"},"modified":"2025-08-28T06:27:50","modified_gmt":"2025-08-28T03:27:50","slug":"dutch-bitcoin-exchange-bitonic-requires-users-to-submit-wallet-screenshots","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dutch-bitcoin-exchange-bitonic-requires-users-to-submit-wallet-screenshots\/","title":{"rendered":"Dutch bitcoin exchange Bitonic requires users to submit wallet screenshots"},"content":{"rendered":"<p>The Dutch bitcoin exchange Bitonic notified users of an additional verification requirement due to local regulator requirements. From 16 November, the company is obliged to monitor fund movements, <a href=\\\"https:\/\/bitonic.nl\/en\/news\/213\/additional-verification-measures-due-to-registration-application\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">\u0433\u043e\u0432\u043e\u0440\u0438\u0442\u0441\u044f<\/a> in a press release.<\/p>\n<p><!--more--><\/p>\n<p>Representatives of the exchange said that the Dutch authorities <a href=\\\"https:\/\/www.toezicht.dnb.nl\/en\/2\/50-237925.jsp\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">\u043e\u0431\u044f\u0437\u0430\u043b\u0438<\/a> providers of crypto-asset services to verify incoming and outgoing transactions in accordance with the Sanctions Act. Otherwise, the companies face a refusal to register.<\/p>\n<blockquote>\n<p>&#8220;Now we must request additional information, including the purpose for which you intend to buy bitcoins, and which wallet you use,&#8221; the statement reads.<\/p>\n<\/blockquote>\n<p>Bitonic users must confirm every withdrawal address by sending a wallet screenshot or a signed message. The exchange emphasised that it has repeatedly urged the regulator to drop &#8216;this ineffective and disproportionate requirement&#8217;.<\/p>\n<blockquote>\n<p>&#8220;The Netherlands currently remain the only country in the European Union where such sweeping measures are applied,&#8221; Bitonic said.<\/p>\n<\/blockquote>\n<p>Journalist Aaron van Wirdum confirmed that other EU countries do not require bitcoin exchanges to implement such measures.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">As imposed by the Dutch central bank (<a href=\\\"https:\/\/twitter.com\/DNB_NL?ref_src=twsrc%5Etfw\\\">@DNB_NL<\/a>), Bitcoin exchanges in The Netherlands must now ask their customers to &#8216;prove&#8217; they really control their withdrawal address. No other European country requires this.<\/p>\n<p>Via <a href=\\\"https:\/\/twitter.com\/Bitonic?ref_src=twsrc%5Etfw\\\">@Bitonic<\/a>: <a href=\\\"https:\/\/t.co\/UEtVJD3e5z\\\">https:\/\/t.co\/UEtVJD3e5z<\/a>. <a href=\\\"https:\/\/t.co\/Nbsa9usSWF\\\">pic.twitter.com\/Nbsa9usSWF<\/a><\/p>\n<p>\u2014 Aaron van Wirdum (@AaronvanW) <a href=\\\"https:\/\/twitter.com\/AaronvanW\/status\/1328661707313516545?ref_src=twsrc%5Etfw\\\">November 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier in September, the European Commission <a href=\"https:\/\/u1f987.com\/en\/news\/eu-proposes-regulation-of-cryptocurrencies-and-stablecoins\">presented<\/a> a 168-page document proposing to impose &#8216;stricter requirements&#8217; on cryptocurrencies and stablecoins.<\/p>\n<p>International Association for Trusted Blockchain Applications <a href=\"https:\/\/u1f987.com\/en\/news\/eu-regulation-rules-alarm-blockchain-industry\">expressed<\/a> concerns about such plans, saying that new rules could place an excessive burden on the industry.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dutch bitcoin exchange Bitonic notified users of an additional verification due to local regulator requirements. From November 16, the company is obliged to monitor fund movements, according to a press release.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,2029,733,718,36],"class_list":["post-31987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitonic","tag-europe","tag-netherlands","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31987"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31987\/revisions"}],"predecessor-version":[{"id":31988,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31987\/revisions\/31988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}