Is Bitvavo regulated?

At the moment there is not yet any specific law or regulations that apply to the services related to digital currency that Bitvavo offers. Based on the implementation of the fifth anti-money laundering directive, which should be implemented in all EU member states before January 2020, Bitvavo will be regulated by this legislation.

In anticipation on the upcoming legislation, Bitvavo already fulfill most of these requirements. This means that Bitvavo has already the following measures in place:

  • Customer Identification.
  • Customer Verification.
  • Transaction Monitoring.

In addition, Bitvavo is a member of the ‘Verenigde Bitcoin Bedrijven Nederland’, a self regulating board that requires its members to follow a code of conduct based on ‘best practices’ in the digital currency sector.

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