{"id":244261,"date":"2019-12-15T03:47:07","date_gmt":"2019-12-15T08:47:07","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=244261"},"modified":"2023-07-12T10:10:12","modified_gmt":"2023-07-12T10:10:12","slug":"eu-aml-laws-force-bottle-pay-to-shutter-its-services","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eu-aml-laws-force-bottle-pay-to-shutter-its-services","title":{"rendered":"EU AML Laws Force Bottle Pay to Shutter its Services\u00a0"},"content":{"rendered":"

Bottle Pay, a cryptocurrency payment processor that helped facilitate Bitcoin transfers via users\u2019 social media accounts, has announced that it will be closing shop. In an\u00a0<\/span>official announcement<\/span><\/a>\u00a0published on December 13, the company dropped the bombshell, explaining that it will be shutting its service down and returning all available funds immediately.\u00a0<\/span><\/p>\n

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sad to see companies like @bottlepay<\/a> face these choices – i know the decision was a painful one.<\/p>\n

more companies will have to face the choice to shut down or face unknown consequences due to 5AMLD – it\u2019s impossible to implement effectively, and the risk is too high. https:\/\/t.co\/eeThMCjft0<\/a><\/p>\n

— Meltem Demirors (@Melt_Dem) December 13, 2019<\/a><\/p><\/blockquote>\n