Dutch crypto firm takes legal action against DNB
Bitonic says new KYC requirements are disproportionate and threaten consumer privacy
A Dutch bitcoin exchange has filed an injunction against the Netherlands Bank (DNB) over wallet-level know-your-customer (KYC) requirements, claiming the regulation has “no legal basis”.
In what could be an important moment for the industry, Bitonic has taken on the Dutch central bank over regulation it claims “violates privacy rules”.
“We decided this week to urgently file a preliminary injunction at the court in Rotterdam in order to suspend the wallet-verification requirement of DNB,”
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