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

Written by:
Published on:
Jan/11/2018 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


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,

Business/Financial News

Canada Tech Entrepreneur Bashes Bitcoin Cash Before Committee, Reddit Community Furious

Speaking before Canada’s House of Commons Standard Committee on Finance Tuesday, Canadian entrepreneur Jonathan Hamel warned: “Pay close attention, other cryptocurrencies are downright scams, like BCash [Bitcoin Cash (BCH)].”

Abra Wallet Adds Support for Bitcoin Cash, Other Cryptocurrencies

Abra Wallet Adds Support for Bitcoin Cash, Other Cryptocurrencies

Abra Wallet is the latest platform to incorporate the 4th most popular digital coin Bitcoin Cash.  The Abra app is available for both Android and iOS devices. 

Hardware Cryptocurrency Wallet Demand Grows in South Korea

Hardware Cryptocurrency Wallet Demand Grows in South Korea

According to local reports in South Korea, demand for hardware wallets is increasing exponentially. The demand has stemmed from attempted hacks last year against domestic trading platforms like Upbit and Bithumb.

Alt-Coin Bear Market Largely Over Claims Expert

Alt-Coin Bear Market Largely Over Claims Expert

Speaking to Bloomberg News Tuesday, Fundstrat Global Advisors LLC suggested that the alt-coin bear market is mostly over and this is illustrated with his firm’s measure of alt-coins showing a sharp 75 percent decline in the group over the past 64 days.

eSports Reward Token (ERT) to be Listed on HitBTC Exchange, ambitious project to become the leader in the eSports industry, announces its token issuance on one of the top CryptoCurrency exchanges, HitBTC (