Bitfinex and Poloniex Block U.S. User

Bitfinex and Poloniex Block U.S. User - Bitfinex has just announced that it is immediately restricting their services to U.S. customers. And within 90 days no longer serves the U.S. market. In their official announcement said:

"Over the next 90 days, we will be discontinuing services to our existing U.S. individual customers."

At press time, Bitfinex has the highest volume on the USD / BTC trading partner more than any other exchange.

Reason

Here are some reasons behind their decision to no longer do business with U.S. customers:

1. While we can normalize banking for certain corporate customers and individuals in certain jurisdictions, banking solutions for individual U.S. Remain elusive. Selectively we have invited users in certain jurisdiction areas that meet the established criteria to begin using online banking procedures. This process is in progress.
2. The small percentage of our small earnings surprised us from U.S. individual accounts. Which is verified, while the portion we provide exceeds individual U.S. needs, including support, laws, and regulations.
3. We anticipate regulatory landscapes to become increasingly challenging in the future.
4. Bitfinex is not based in the United States. Stocks based in the U.S. Better positioned to serve U.S. retail consumers correctly.

Some policies apply immediately

Bitfinex immediately prohibits U.S. customers. Of Etherium-based ICO token trades including EOS and SAN. The exchanger also immediately suspends the U.S. account verification.

Exchangers intend to gradually reduce the services they provide to U.S. customers The announcement reads:

"We will be communicating further with affected users on our timing and specifics."

Emotions

The announcement came as Bitfinex was sacked for banking problems and his failure to disclose information about finances in question by exchangers currently underway. Recently, many suspicious activities have occurred in Bitfinex. It seems that they are a special exchange for "Spoofy," a rich, mysterious trader who gives tremendous influence on the market. Spoofy is better known as "spoofing" and "washing trade" to convince other traders to buy or sell.

Not alone

Poloniex has also just announced a sudden change to its Terms of Use. They emphasize that their exchange does not deal with real money, only tokens, and they ban users of two U.S. countries. Because of regulatory issues.

Share on Google Plus

About Unknown