![Is Bitvavo regulated?]({"bg": "//theme.zdassets.com/theme_assets/11008908/e106cc8a79a6a41c781c71d999cffaa33b481de7.jpg"})
![Is Bitvavo regulated?]({"bg": "//theme.zdassets.com/theme_assets/11008908/d38d9cc5a4fcb160800cb7a8f0e0cb60aaa36d2e.jpg"})
Bitvavo is obliged to register with De Nederlandsche Bank with the introduction of the fifth anti-money laundering directive that came into effect on 21 May 2021. This registration obligation means that Bitvavo:
- Has to identify its customers;
- Verify the identity of its customers;
- Transactions should be monitored;
- External wallets needs to be verified;
- In some cases, the origin of the funds must be verified.
In addition, Bitvavo is a member of 'Verenigde Bitcoin Bedrijven Nederland', a self-regulatory body that imposes a code of conduct on its members, based on which the 'best practices' in the digital currency sector must be complied with.
43
39
Was this article helpful?
41 out of 43 found this helpful
Articles in this section
- Bitvavo registered with the Dutch Central Bank (DNB)
- How do I contact the support team?
- Company details Bitvavo
- How do I submit a complaint?
- How does Bitvavo ensure my privacy?
- Insured cold storage solutions at Bitvavo
- Investing in digital assets in a responsible manner
- Is Bitvavo regulated?
- Notifications and personalised offers
- What is Bitvavo?