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Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges


The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court....

Dutch Central Bank Forced To Scrap Crypto Wallet Verification Requirement


In a landmark decision for the country’s crypto industry, a court order obtained by Dutch bitcoin (BTC) exchange Bitonic has succeeded in forcing De Nederlandsche Bank (DNB) to scrap its controversial wallet verification requirement. The company contested the measure at a Rotterdam court, claiming...

Hackers Target Github Server Infrastructure to Mine Cryptocurrencies


Github services is under investigation after a series of reports on attacks against one of its infrastructures by running unauthorized crypto mining apps. Cybercriminals allegedly exploited some security flaws that could have been exploited to mine cryptos illicitly. Attacks Exploit ‘Github...

Dutch Bitcoin Exchange Takes Central Bank’s KYC Requirements To Court


Dutch bitcoin (BTC) exchange Bitonic has filed for a preliminary injunction at a Rotterdam court in a bid to suspend a wallet verification rule enacted by the De Nederlandsche Bank (DNB), the country’s central bank. The platform said its decision is motivated by the fact that the imposed know your...

New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin


Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also...

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