Reading Time: 2 minutes by Ogwu Osaemezu Emmanuel on January 19, 2021 Regulation Bitstamp crypto exchange has now made it mandatory for its users who want to withdraw funds to external wallets to first undergo a know-your-customer procedure. The firm says the new measure is in a bid to comply with Netherlands anti-money laundering regulations. Bitstamp Ups its KYC Game While cryptocurrency big whales and enthusiasts in the United States are still battling against the idea of the outgoing Treasury Secretary Steve Mnuchin and his team to introduce KYC procedures for self-hosted crypto wallets (non-custodial wallets), the draconian regulation is already live in the Netherlands.