Compliance and crypto asset payouts

New-Emerald-Dormouse-505407768

Saeidza Also die war das mit Welcher app kann ich das TandC???

Jakob-Y

Mario Das Wort "TandC" im Kommentar von Saeidza bezieht sich auf die T&C - Terms and Conditions, also die Allgemeinen Geschäftsbedingungen von bunq. Die findest du auf bunq.com, die aktuelle Version unter diesem Link. Der Nutzer Saeidza hat in seinem Kommentar erklärt, dass bunq es sich vorbehält, Konten zu schließen, wenn sie vorrangig für Geldflüsse im Zusammenhang mit dem Handel von Crypto-Assets gebraucht werden.

New-Emerald-Dormouse-505407768

Also bringt gas nix ich wollte 20000 € von blockcain doe Träum machen??

Jakob-Y

Mario Keiner hier im Forum hat Einsichten darin, wie und wofür du dein bunq-Konto benutzt. Du scheinst allerdings ein neuer Nutzer zu sein. Wenn du das Konto nur dafür geöffnet hast, um deine Krypto-Gewinne auszucashen, dann verstößt du damit wahrscheinlich gegen die Nutzungsbedingungen. Endgültig beantworten kann dir das aber nur bunq selbst. Du kannst sie ja mal fragen, wenn du spezifischere Informationen zu deiner Situation haben möchtest.

Robert-Silver-Turtle-4265395482

I’ve been using my bunq accounts to purchase “cryptos” from different exchanges. Coinbase and KuCoin and a couple of others. I’ve yet to be warned. Hopefully it stays that way.

Marek-Blue-Badger

Mr. Underwood Some people created the bunq account for the sole purpose of buying crypto, I believe you generally use the account normally and occasionally buy crypto

hankstoic-

Mr. Underwood Could you give information about your trading volume and frequency? According to these parameters, you may not be stuck with the compatibility query.

Remzi

They have now clarified this in their T&C (Terms and Conditions) section 10.2 Financial misuse, see citation below:

10.2 Financial misuse

At bunq, we believe in giving you the freedom to use your money the way you want it. However, we also have a legal obligation to prevent the misuse of the financial system. To keep everyone safe, we ask that you follow our fair use policy.

Our accounts are meant for everyday banking use, such as making payments and saving money. It is not meant for business activities or receiving charitable donations, for that we offer business accounts. To minimize the risk of misuse, we ask that you avoid using your account for these higher-risk activities:

Gambling with large amounts of money;

Using a personal account for Business purposes;

Depositing or withdrawing large amounts of cash;

Actively trading or investing in real estate, forex, precious metals, crypto assets, or unregulated markets;

Receiving, spending, or sending money to countries that are considered high-risk by the European Union or have a low score on the Corruption Perception Index from Transparency International.

Please note that this list is not exhaustive, and we may terminate our relationship with you if we notice any other high-risk behavior on your account. We assess each situation on a case-by-case basis.

If we do notice any concerning behavior, we may terminate our relationship with you at any time, even if we initially allowed the behavior or did not take action against it.

We hope you enjoy using your bunq account and appreciate your cooperation in keeping our financial system safe for everyone.

See source: https://www.bunq.com/documents/personal

And what annoys me the most is while they forbid you to buy crypto they talk about it in on their bank pages and whatnot or their promotional pages, see this for example: https://www.bunq.com/blog/what-is-crypto-currency-the-decentralized-finance-guide

New-Aquamarine-Tiger-121454535

There seems to be some ambiguity about crypto. What is meant by 'actively trading'? A single trade, or multiple trades, and it there a cap on the total amount traded per transaction, per time period or something similar? Does it matter whether or not crypto trading is done through regulated exchanges such as Bitvavo that are under supervision from the Dutch National Bank (the regulator)?

I do understand bunq needs to comply with regulations but I do not believe regulations forbid transacting with crypto exchanges perse. It would be good is bunq would provide more clarity on this matter.

I am a happy user of bunq, and I do wish to continue using their services, but a complete ban on crypto exchanges would be a deal breaker for me personally.

thijsoost

Jeroen "Actively trading" means you're using your bunq account more for trading than for your day to day spendings.

Remzi

Jeroen I used only official KYC exchanges and from these companies: Bitvavo, BTCDirect, Finst and some others.

What's ironic is that Bitvavo and BTCDirect uses Bunq. Maybe the terms are different for business users, but it's still strange.

Remzi

Thijs I bought around 2000 euro crypto (one time payment) and at the end of each month I bought 200 to 300 crypto for saving purposes. I don't do any day trading and I got a warning, so I don't know what "actively trading" exactly means. It's all vague and subjective and I don't understand why Bunq is forbidding me from buying crypot, silver or gold?

New-Aquamarine-Tiger-121454535

Somewhat agree, although I think Bitvavo is actually complying with regulations, see https://support.bitvavo.com/hc/en-us/articles/4405243980945-Bitvavo-registered-with-the-Dutch-Central-Bank-DNB . This may reduce risk to bunq.

Remzi

Jeroen Finst and BTCDirect are also fully complying with Dutch regulations and they both have been registered with the DNB (Dutch central bank and regulatory authority).