Central Bank of the Netherlands abolished strict control measures for cryptocurrency operations

The Netherlands Bank has canceled its decision on the introduction of more strict requirements for checking operations with cryptocurrent.

In January, the Central Bank obliged all trading platforms to request additional data from its users when the digital assets are derived. In particular, to make a translation to the user it was necessary to add the recipient’s address to the White List and provide a photo proving possession of this address.

Although the Dutch stock exchanges quickly introduced the necessary conclusion mechanisms, but were outraged by excessive severity and inefficiency of such checks. Almost immediately crypto exchanger Bitonic

The Netherlands Bank considered claims substantiated and canceled his January prescriptions for checking cryptococheries. At the same time, the Central Bank still requires strengthened control of transaction operations, but issued a refinement, according to which the exchanges can independently choose more convenient and customers confirmation methods.

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