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Bitstamp Requires Dutch Users to Submit a Third-party Address Certificate Before Withdrawals

Amy Liu

Summary: Digital asset exchange Bitstamp has reportedly banned Netherlands-based users from withdrawing crypto to external wallets without first verifying they own the receiving address. Dutch Bitstamp users must now submit third-party address and photo evidence to prove they own the wallet before withdrawals will be processed, according to a letter written by Bitamp shared by Bitcoin ...

Digital asset exchange Bitstamp has reportedly banned Netherlands-based users from withdrawing crypto to external wallets without first verifying they own the receiving address.

Dutch Bitstamp users must now submit third-party address and photo evidence to prove they own the wallet before withdrawals will be processed, according to a letter written by Bitamp shared by Bitcoin Marcus on Twitter. 

Bitamp's new withdrawal rules are in response to anti-money laundering regulations drafted by Dutch regulators in November 2019 and passed 12 months later.

By Amy Liu

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