Auto Added by WPeMatico
Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German […]
The post Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases appeared first on Bitcoin News.
Powered by WPeMatico
Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000. Its decision to provide […]
The post Utorg Exchange Grants Access to Traders With Limited Verification appeared first on Bitcoin News.
Powered by WPeMatico
In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits. Also read: P2P Crypto […]
The post Poloniex Restores Unverified Accounts With Unlimited Trading appeared first on Bitcoin News.
Powered by WPeMatico
Like crypto payments provider Bottle Pay, mining pool Simplecoin and interactive bitcoin faucet Chopcoin are shutting down in light of restrictions imposed by EU anti-money laundering legislation, AMLD5. Simplecoin co-founder Marvin Janssen addressed Telegram users last month saying “We believe in the power of cryptocurrency and its potential. Mining should to be available to anyone […]
The post Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU Regulations appeared first on Bitcoin News.
Powered by WPeMatico
Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work under the upcoming EU regulations. AMLD5, the […]
The post European AML Directive Pushes Crypto Startup Bottle Pay Out of Business appeared first on Bitcoin News.
Powered by WPeMatico
Is the current industry landscape, where centralized exchanges dominate cryptocurrency trading volumes, about to change in the coming years? Europol predicts that international regulatory demands for identity verification on established venues will push privacy concerned traders into so-called ‘criminal’ services in the digital underground. Also Read: Berlusconi Admins Disappear — Darknet Users Rush to Find […]
The post Europol Predicts Rise of ‘Criminal’ Crypto Exchanges in Digital Underground appeared first on Bitcoin News.
Powered by WPeMatico
The central bank of the Netherlands is preparing to supervise the country’s crypto sector. The bank has requested crypto exchanges and wallet providers to come forward and submit some information. Once the law takes effect, these operators will be required to register with the central bank to continue operations. Also read: Crypto Can Boost Indian […]
The post Dutch Central Bank Prepares to Start Regulating Crypto Sector appeared first on Bitcoin News.
Powered by WPeMatico
Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) […]
The post EU Members Adopt Tougher Crypto Rules Than AML Directive Requires appeared first on Bitcoin News.
Powered by WPeMatico
More than two thirds of the leading cryptocurrency exchanges and wallet providers on both sides of the Atlantic fail to conduct proper identity verification checks. According to new research into their onboarding practices, most of the studied platforms do not meet the requirements of the upcoming regulations under the updated EU anti-money laundering directive. Also […]
The post Research: Majority of EU, US Exchanges and Wallets Fail to KYC Users appeared first on Bitcoin News.
Powered by WPeMatico