Once the ToFR takes effect, BISON and other EU crypto providers will be required to implement several adjustments to meet the new requirements. When transferring crypto assets, you will need to provide additional information, such as:
Is a self-hosted wallet involved in the crypto transfer?
For deposits and withdrawals exceeding €1,000 involving self-hosted wallets, you must verify ownership through a "proof-of-ownership" process. Ownership verification is required once per year and will be conducted digitally when necessary.
Is another crypto provider involved?
For transfers to another CASP, you must inform us, as BISON will need to transmit additional personal data (e.g., your first and last name, address, or birthdate) to the other CASP. These details must be complete and accurate to ensure a smooth transfer. Please check your BISON profile under Settings > Profile to confirm your details are up to date.
