Netherlands Forces ‘Far-reaching’ Measures on Bitcoin Exchanges

[Galaxy]

The Dutch Central Bank is forcing crypto-focused companies to inquire why their customers are buying Bitcoin. The Dutch Central Bank (DNB) has imposed a new set of requirements on Netherlands-based, cryptocurrency companies that want to officially register.

Among other things, the bank’s Sanction Act has forced local firms to monitor their customers’ withdrawals and even ask for screenshots of their wallets, according to an announcement published by crypto exchange Bitonic on Monday.
Info link: https://decrypt.co/48634/netherlands-forces-far-reaching-measures-on-bitcoin-exchanges