According to a notice shared on Twitter, the Luxembourg-based exchange informed its clients that they won’t be able to withdraw their digital assets to self-hosted wallets without providing proof that they own the wallet address in question.
The exchange claims that it made the withdrawal changes “due to the new regulation regarding cryptocurrencies introduced by the Dutch government.”
“The new regulation requires us to collect proof that you are the owner of any third-party wallet or exchange account before you can withdraw crypto to it,” reads the letter.
Traders are required to add photographic evidence to a whitelist before they can make withdrawals.
The whitelisting feature already existed on the exchange before but the only difference is that it has become obligatory for all customers that have to adhere to the new Dutch regulations.
Users can no longer withdraw directly to third-parties but have to send their assets to personal wallets first.
“This also means that withdrawals from your Bitstamp account directly to third-parties are no longer allowed. You have to withdraw crypto from Bitstamp to your own wallet first if you want to send it to any third-parties.”
Dutch crypto regulation
Bitstamp made the new changes in line with new anti-money laundering regulations drafted in the Western European country in November 2019 and passed into law a year later.The new rules require cryptocurrency service providers to determine if their clients or beneficiary owners are on a Dutch or European sanctions list before rendering services, and should monitor all “incoming and outgoing payment transfers.
In November, Bitcoin, a Dutch cryptocurrency exchange told its users that they needed to adhere to the new verification rules. The exchange did not hold back its frustration at the new policy and called it a “nuisance.”
The U.S. Treasury proposed similar rules
The U.S. Treasury Department, through the Financial Crimes Enforcement Network (FinCEN), proposed new rules requiring crypto service providers such as exchanges, banks, and money service providers (MSBs) to identify individuals who engage in certain transactions.Coinbase CEO, who first addressed the new rule change before the Treasury Department made a formal announcement, said he was concerned that the new rule “would have unintended side effects.”
When the proposed rule was announced, the crypto community was infuriated by the fact that it was only given two weeks to comment on the matter.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
