Dutch Bitcoin exchange drags central bank to court over wallet KYC rule By Cointelegraph

Dutch Bitcoin exchange drags central bank to court over wallet KYC rule

Cryptocurrency Jan 27, 2021 08:00AM ET

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Dutch Bitcoin exchange drags central bank to court over wallet KYC rule

Dutch Bitcoin exchange platform, Bitonic, has filed a preliminary injunction at a Rotterdam court seeking the suspension of a wallet verification rule enacted by the central bank.

Back in November 2019, De Nederlandsche Bank, or DNB, mandated crypto exchanges to ensure their users comply with stringent Know Your Customer protocols. These rules included verification steps for withdrawal wallets, which Bitonic called a nuisance.

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Dutch Bitcoin exchange drags central bank to court over wallet KYC rule

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