European Bitcoin (BTC) Savings Service Bittr Forced to Shut Down Due to Extensive and Costly AMLD5 Regulatory Requirments

April 25, 2020 @ 5:52 pm By Omar Faridi |

Netherlands-based Bittr, a Bitcoin (BTC) savings service, is reportedly closing down its business. Ruben Waterman, the company’s founder, said that newly-enforced financial regulations were the main reason why Bittr decided to shut down its services. The AMLD5 became effective July 9, 2018, and required the… Read More

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Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged amld5, anti money laundering, bitcoin, bittr, btc, Crypto Regulations, crypto trading, crypto-assets, digital assets, EU, european union, know your customer, netherlands, ruben waterman