BL3P

BTC/EUR
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BTC / EUR 95.000,00
Last price (BTC)
95.000,00
24h volume
0.82
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Dear visitor
Important: Trading on BL3P will be permanently halted on 20 December 2024 and your balance will be transferred to your Bitonic account. Please read our news article for more information.

Compliance

Stichting Bitonic Payments
BL3P, the trading platform of Bitonic B.V., uses the Stichting Bitonic Payments. All of the customers' funds are stored and administered on the bankaccounts here. This independent foundation ensures the safety of the customer. There is no entanglement with the commercial activities of Bitonic BV (Bitonic B.V. cannot use its customer funds for any other purpose; customer funds will remain in the trust account). Should something go wrong at Bitonic B.V., your funds are guaranteed. Also, we have a special department Risk & Compliance which identifies and analyses compliance risks.
Request license
As we hold the euros of customers on our exchange BL3P, Bitonic applied for the license of 'payment service provider' at the Dutch Central Bank (DNB). In January 2014 Bitonic started the application in collaboration with Enigma Consulting. All necessary documentation, procedures, figures, forecasts, plans and information were produced and collected in the following months. This ultimately resulted in three reports with a total of more than 400 pages. The final version was returned mid-August to DNB. In a response DNB requested a number of additional documents related to Bitcoin. These documents were handed to DNB six weeks after their reaction.
Reaction Dutch Central Bank (DNB)
The following official response from DNB showed that Bitonic does not need a license. With this approach DNB has ensured that an exceptional position has been created. Without an official license we still can go live. With this position, combined with the formal completion of the licensing process and meeting the quality requirements, Bitonic offers reassurance to our banks. Bitonic offers comfort by applying a controlled and sound business in accordance with the requirements for a financial institution.
Compliance
To maintain this comfort, Bitonic will continue to operate as a financial institution and it will impose itself the necessary requirements. Maximum protection of our customers will be ensured by the variety of measures and procedures. All obligations Bitonic imposes itself will be tested in the relationship with the banks. This will be analyzed and evaluated on a frequent basis.