Bitstamp Exchange Really Wants to Know Its Customers... Everything!

Written by:
Guest
Published on:
Jan/11/2018

Bitcoin.com is reporting that Slovenia’s Bitstamp exchange has enhanced its Know Your Customer (KYC) policy and some of the requirements to withdrawal funds are a little over the top.


Bookmaker accepts most crypto-currencies

From Bitcoin.com:

A widely circulated image, purporting to reveal Bitstamp’s enhanced KYC procedure, has been attracting a lot of attention. The document requests screenshots of other cryptocurrency exchange profiles, bank account statements showing fiat deposits to third party exchanges, and signed messages from the BTC and ETH addresses the customer intends to use.

Because government agencies are becoming inherently suspicious of cryptocurrencies, the exchanges are obligated to closely adhere to the laws within their respective jurisdiction.  In the case of BitStamp, they are required to follow Slovenia law.

BitStamp may be stretching things a bit and who better to catch this than the one and only Warren Buffet.

He tweeted this image reportedly coming from the BitStamp website:

Bitcoin News is quick to point out that, despite this overzealous quest for customer information, BitStamp enjoys a relatively solid reputation in the world of cryptocurrencies, save save for a hack of 19,000 BTC in 2015.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Wyoming Residents Remain Locked Out of Coinbase Accounts

Wyoming Residents Remain Locked Out of Coinbase Accounts

Cryptocurrency in the state of Wyoming continues to remain in an utter state of confusion according to a recent report on ArmyOfBitcoin.com. State residents have not been able to access their cryptocurrency accounts for over two years since Coinbase decided to suspend operations in the Cowboy State.

CNBC: Bitcoin Nipping at Gold Demand

CNBC: Bitcoin Nipping at Gold Demand

Gold has surpassed many challengers over the centuries as a go-to safe haven investment.  Some investors say bitcoin is the challenger with the best chance of dethroning gold as the globe's ultimate store of value, according to CNBC. 

How to Become a Successful Bookmaker by Managing Costs

In its blog Sunday, our friends at Price Per Player write of how to become a successful bookie through common sense practices like cost management.

Japan's Cryptocurrency Exchanges Need Tighter Rules: Monex CEO

Japan's cryptocurrency exchanges should be regulated more like banks as they hold investors' assets while offering trading platforms, the chief executive of online brokerage Monex Group Inc said.

Game.com Altcoin Surges As Bitcoin Cash Rally Tries To Keep Up

Game.com Altcoin Surges As Bitcoin Cash Rally Tries To Keep Up

It has been an excellent week for cryptocurrency gamblers and day traders. According to an article on PlaySlots4RealMoney.com, The Game.com ($GTC) altcoin has been surging up for the last few days. 

Syndicate