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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, […]Powered by WPeMatico
A Dutch bitcoin (BTC) exchange has filed a preliminary injunction at a court in Rotterdam to suspend the central bank’s additional wallet-verification requirements. Bitonic seeks to challenge the new rules enacted by the De Nederlandsche Bank (DNB) on Sept. 21, 2020. Dutch Exchange Argues Additional KYC Rules Lack ‘a Proper Legal Basis’ Per the bitcoin […]Powered by WPeMatico
When it comes to cryptocurrency regulation, there is a lack of consensus on how to protect investors. Criminal activity such as fraud, hacks and theft is prevalent, not only in the crypto realm, but in the traditional financial world too. Some exchanges have deemed know your customer (KYC) and anti-money laundering (AML) compliance as unnecessary, […]
The post Why Some Crypto Companies Consider KYC and AML Compliance Unnecessary appeared first on Bitcoin News.
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Buying and selling property using cryptocurrency is less straightforward than was first assumed. The handful of mortgage lenders and realtors who were initially keen are now reluctant to accept crypto deposits due to money laundering fears. Until there is greater clarity concerning crypto regulation, due diligence procedures and taxation, potential participants are opting to wait […]
The post Buying and Selling Property With Bitcoin Is More Complex Than It May Seem appeared first on Bitcoin News.
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Chicago, IL: Bitcoin of America is happy to announce that they will be expanding their services in five major U.S. cities during the next four months. The company, which is headquartered in Chicago, IL, will be opening new Bitcoin Teller Machines — also known as BTMs, Bitcoin Kiosks, and Bitcoin ATMs — in Cleveland, Los Angeles, New Orleans, Philadelphia, and Washington D.C. The new machines will be in addition to currently available BTMs in Cleveland and Los Angeles. BTMs are designed to allow regular people to buy and sell digital currencies like Bitcoin without the need for an intermediary. Bitcoin of America already operates 32 BTMs in St. Louis, Los Angeles, Indianapolis, Detroit, Columbus, Cleveland, Chicago, and Baltimore.
The post PR: Bitcoin of America Opening New BTMs in 5 Major U.S. Cities appeared first on Bitcoin News.
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