{"id":42881,"date":"2021-05-20T20:21:12","date_gmt":"2021-05-20T17:21:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42881"},"modified":"2025-08-31T01:09:08","modified_gmt":"2025-08-30T22:09:08","slug":"dutch-central-bank-backs-off-tightening-of-rules-for-bitcoin-exchanges","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dutch-central-bank-backs-off-tightening-of-rules-for-bitcoin-exchanges\/","title":{"rendered":"Dutch central bank backs off tightening of rules for Bitcoin exchanges"},"content":{"rendered":"<p>The Dutch Central Bank (DNB) has revoked its November 17, 2020 decision to impose stricter requirements on cryptocurrency service providers. Bitonic, a local bitcoin exchange, said as much.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">DNB formally acknowledges complaints Bitonic and revokes wallet-verification requirement<a href=\"https:\/\/t.co\/gEaE1P0mqo\">https:\/\/t.co\/gEaE1P0mqo<\/a><a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a><\/p>\n<p>\u2014 Bitonic (@Bitonic) <a href=\"https:\/\/twitter.com\/Bitonic\/status\/1395393042832662537?ref_src=twsrc%5Etfw\">May 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The DNB acknowledged that the tightening of rules was &#8220;not sufficiently fair&#8221;. The regulator said the exchange&#8217;s objection was well-founded and cancelled the need for additional monitoring of incoming and outgoing transactions.<\/p>\n<p>The central bank continues to urge cryptocurrency exchanges to take &#8220;adequate measures&#8221; to verify users and their transactions. Bitonic said they were pleased with the result, and will repeal the rules introduced earlier.<\/p>\n<p>In autumn 2020, the bitcoin exchange <a href=\"https:\/\/u1f987.com\/en\/news\/dutch-bitcoin-exchange-bitonic-requires-users-to-submit-wallet-screenshots\">obliged customers<\/a> to confirm every withdrawal address by sending a wallet screenshot or a signed message.<\/p>\n<p>In January 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/bitonic-sues-the-dutch-central-bank\">Bitonic sued the DNB<\/a>. The platform said that the implementation of the expanded verification protocol violates existing privacy laws.<\/p>\n<p>Earlier in April, the Rotterdam district court ordered the central bank <a href=\"https:\/\/u1f987.com\/en\/news\/court-backs-bitonic-in-dispute-with-dutch-central-bank\">to justify the requirements<\/a> imposed on cryptocurrency service providers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dutch Central Bank (DNB) revoked its November 17, 2020 decision to impose stricter requirements on cryptocurrency service providers. Bitonic representatives said as much.<\/p>\n","protected":false},"author":1,"featured_media":42882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2029,718,36],"class_list":["post-42881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitonic","tag-netherlands","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42881","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=42881"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42881\/revisions"}],"predecessor-version":[{"id":42883,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42881\/revisions\/42883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42882"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}