Bitcoin app Bottle Pay halts ops over EU money laundering laws

Bitcoin app Bottle Pay halts ops over EU money laundering laws

Bottle Pay has shutdown operations on December 13 citing new EU guidelines. Launched in June 2019, the company shut down barely three months after it secured a $2 million seed funding round. The new EU money laundering laws would require the platform to collect extra personal information of its users. Bottle Pay said this would alter the current user experience.

KCooper
KCooper
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