Bitfinex has just announced that it will immediately terminate the services provided to customers from the US and within 90 days completely cease to serve the US market.
The official statement reads as follows:
Within the next 90 days, we stop serving our existing customers in the US.
The trading volume for the USD / BTC currency pair at Bitfinex significantly exceeds all other exchanges.
Causes
The exchanger points out several reasons:
Although we were able to normalize interaction with banks for some corporate clients and individuals in certain jurisdictions, but we could not realize this for people from the US.
A surprisingly small percentage of our revenues are generated by US-verified accounts, while a very large portion of our resources go to servicing the needs of people from that country, including support, as well as costs associated with compliance with legal and regulatory standards.
We expect that the regulatory climate will become even more stringent in the future.
Bitfinex is not based in the United States. Exchanges based in the US are better suited for servicing retail customers from this country.
Some changes take effect immediately, others gradually.
Bitfinex immediately prohibits US customers from trading ICE tokens based on Ethereum, such as EOS and SAN. The exchange also immediately suspends the verification of accounts in the United States.
The Exchange intends to gradually reduce the services available to customers from the US. The statement reads:
We will continue to inform all users affected by these changes of all subsequent changes.
We want to create a minimum of inconvenience to our clients from the USA.
Bitfinex Issues
Bitfinex has been heavily criticized recently due to the inability to establish normal relations with banks.
In addition, according to the statements of the crypto exchange, it passes the financial audit procedure, but refuses to disclose the results of this audit.
In addition, Bitfinex has recently recorded a number of strange events that some members of the crypto-currency community consider to be the actions of one or a group of traders whose purpose is to manipulate the price of bitcoins.
Source: from the author
Source: http://cryptosrus.com/breaking-news-bitfinex-fires-u-s-customers/
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Thank You!
I'm on the bend put "from the author" sorry! I'm forcing and do not know much, thank you for your job!
Thanks for the article. I'm angry about this. I need to move somewhere else.
thanks for the support!