Cryptocurrencies

XRP TipBot Saved from Dutch Regulations Through Partnership with Uphold by Cointelegraph

TipBot, a service that allows users to send XRP through comments on platforms like Twitter, Reddit, and Discord, has avoided being shut down due to new regulations in the Netherlands.

In a blog post dated May 14, developer Wietse Wind shared that this project, which he referred to as a “personal hobby,” faced challenges from a registration deadline and significantly increased costs related to compliance with new Anti-Money Laundering (AML) laws.

The service has since formed a partnership that ensures its continued operation despite the regulatory pressures.

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