04 Jan Discover to UK Prospects
Bitfinex broadcasts that it has made the choice to take away the provision of our services and products in the UK for sure prospects, in keeping with regulatory necessities.
We beforehand communicated that UK residents who created an account on the Bitfinex platform on or after 1 November 2023 will now not be eligible to use for Particular person account verification. This measure will proceed to stay in place.
Going ahead, Bitfinex will now not be accepting purposes for verification of company UK residents, apart from those that meet the definition of a high-net-worth firm, unincorporated affiliation or belief, or one other related relevant exemption.
‘Excessive web price’ carries a selected definition underneath the related laws within the UK. In case you are a company UK resident making an software for verification, we might request additional data from you as a part of your software with a purpose to make sure you meet the eligibility necessities as a excessive web price firm, unincorporated affiliation or belief, or one other related relevant exemption.
Discover of removing of sure companies for current UK prospects
Efficient from 10 January, 2024, sure current UK Prospects will now not be capable to make any new deposits, enter into new contracts, or improve current margin positions. Nevertheless, they will proceed to scale back or shut their positions, and withdraw their funds from our platform.
Who’s affected?
Two varieties of prospects might be affected:
- All current particular person prospects who’re a UK resident; and
- All current company prospects who’re a UK resident and who don’t fall into an exemption underneath the UK’s Monetary Promotions Order, or different related UK laws. If we perceive you aren’t exempt, you’ll be notified individually by Bitfinex that efficient from 10 January 2024, you’ll now not be capable to make any new deposits, create new contracts, or improve current margin positions. Nevertheless, you’ll proceed to have the ability to cut back or shut your positions, and withdraw your funds from our platform.
Who isn’t affected?
In case you are a company UK resident who meets the standards as a excessive web price firm, unincorporated affiliation or belief, or different relevant exemption, you’ll stay unaffected by these modifications.
We apologise for any inconvenience this will trigger and admire your help and cooperation with these issues.
If in case you have been contacted notifying you that you’re an affected buyer, or you may have any questions or issues concerning this matter, please attain out to our Buyer Assist crew at https://cs.bitfinex.com/OI?topic=UK+restrictions .
