What the rule covers
- translate: "Was die Regel abdeckt" or "Was die Regel umfasst". I'll use "Was die Regel abdeckt". Then paragraph: "The restriction applies to incoming transfers from self-hosted addresses where the wallet isn't controlled by the Bitstamp account holder. The notice doesn't specify which legal entities, jurisdictions, or account types are affected, and Bitstamp hasn't publicly authenticated the memo. User reports don't confirm the exact launch time." Wait, that's the same as the second paragraph? Actually the original structure: First paragraph after heading? Let's check original: The article has: - First paragraph (before heading) about the rule. - ThenWhat the rule covers
and then a paragraph starting "The restriction applies..." - that's the same content as the second paragraph? Actually in the original, the first paragraph is: "Bitstamp will automatically reject..." Then the heading "What the rule covers" and then a paragraph: "The restriction applies to incoming transfers from self-hosted addresses where the wallet isn't controlled by the Bitstamp account holder. The notice doesn't specify which legal entities, jurisdictions, or account types are affected, and Bitstamp hasn't publicly authenticated the memo. User reports don't confirm the exact launch time." That is the same as the second paragraph we translated? Wait, the original content:Bitstamp will automatically reject crypto deposits exceeding €1,000 from third-party self-custody wallets starting Aug. 18, according to a notice circulating among users. The rule targets wallets owned by someone other than the Bitstamp account holder, but deposits from exchanges or a customer's own self-custody wallets won't be affected.
What the rule covers
The restriction applies to incoming transfers from self-hosted addresses where the wallet isn't controlled by the Bitstamp account holder. The notice doesn't specify which legal entities, jurisdictions, or account types are affected, and Bitstamp hasn't publicly authenticated the memo. User reports don't confirm the exact launch time.
Deposits from other exchanges, or from a customer's own self-custody wallets, pass through as before. The exchange's API already has mechanisms — ownership-status checks, Satoshi tests, and xpub registration — to distinguish customer-controlled addresses from third-party ones.
Why now
The move lines up with EU Regulation 2023/1113, which requires a receiving crypto-asset service provider to assess ownership or control of a self-hosted address when a transfer exceeds €1,000. The regulation doesn't force automatic rejection — it allows a risk-based response, including requesting more info, executing the transfer, rejecting it, returning it, or suspending it. It also doesn't ban self-custody or require blocking every deposit over the threshold.
Bitstamp's operational controls predate the reported rule. Rejection endpoints, address-verification tools, and deposit-originator data were added in March, May, and June respectively, suggesting the infrastructure was built ahead of the Aug. 18 deadline.
