Cryptocurrency exchange Bitfinex announced that it will remove its products and services for some of its customers in the UK.
Bitfinex UK regulatory policies in order to ensure compatibility announced that it would terminate the products and services it offers to some of its customers.
In the official announcement made recently by the stock exchange, this restriction all existing individual customers residing in the country and still reside in the country All existing corporate customers who do not have an exemption under the UK’s Financial Promotions Scheme It was stated that it would be affected.
Bitfinex also November 1, 2023 He added in the details of his statement that new UK-based customers who create an account on the platform on or after will no longer be able to apply for individual account verification. Affected users As of January 10 It was emphasized that it is not possible to deposit crypto money:
If we find that you are not exempt from regulatory coverage, you will no longer be able to make new deposits, create new contracts or increase existing margin positions as of January 10, 2024. Going forward, Bitfinex will no longer accept verification applications from corporate UK residents other than those who meet the definition of a high net worth company, unincorporated association or trust, or another relevant applicable exemption.