Bitonic, the first cryptocurrency exchange to set up shop in the Netherlands, has asked a judge to suspend regulatory guidance that obligates firms to verify that the digital wallets of their clients, as well as the wallets of those with whom they transact, are not controlled by blacklisted parties.
The Dutch central bank's apparent move to expand the sanctions-screening expectations that cryptocurrency firms must meet to obtain licenses by a Nov. 21 deadline has prompted widespread criticism from the industry.
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