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Withdrawal and Deposit of Crypto Currencies
Transfer of Funds Regulation

What does proof-of-ownership mean?

Updated 26 November 2024 14:17

Proof-of-ownership requires you to verify that a wallet genuinely belongs to you for transfers exceeding €1,000. This applies to both crypto deposits and withdrawals. Even individual transfers below €1000 that collectively exceed this threshold within a short time frame are subject to the same requirement.

Articles in this section

What is the Transfer of Funds Regulation (ToFR)?
What changes will I see with BISON due to the Transfer of Funds Regulation?
Why does the Transfer of Funds Regulation exist, and why must I provide additional information?
What information must I provide due to the Transfer of Funds Regulation?
When does the Transfer of Funds Regulation take effect?
Where does the Transfer of Funds Regulation apply?
What does proof-of-ownership mean?
At what amount is proof-of-ownership required for a transfer to a “self-hosted” wallet?
How does proof-of-ownership work at BISON?
When do I have to comply with the Transfer of Fund Regulation at BISON?

What does proof-of-ownership mean?

Articles in this section

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