31 Jan '17, 8am

ID Required to Buy a Coffee With Bitcoin in the Czech Republic

ID Required to Buy a Coffee With Bitcoin in the Czech Republic

On January 1, the Czech Republic initiated its cryptocurrency-related piece of legislation. The policy will require cryptocurrency exchange operators and other associated services to follow Know-Your-Customer (KYC) procedures. Exchanges must ask each customer for their identity card, gender, nationality, and address. “There is no longer any option for customers of bitcoin exchanges to hide behind false names or nicknames,” the new guidelines detail.

Full article: https://news.bitcoin.com/mandatory-to-show-id-to-buy-a-co...

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