
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.