04 Jan Discover to UK Clients
Bitfinex broadcasts that it has made the choice to take away the provision of our services in the UK for sure prospects, consistent 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 functions for verification of company UK residents, excluding those that meet the definition of a high-net-worth firm, unincorporated affiliation or belief, or one other related relevant exemption.
‘Excessive internet value’ carries a particular definition beneath the related laws within the UK. In case you are a company UK resident making an software for verification, we could request additional info from you as a part of your software with a view to make sure you meet the eligibility necessities as a excessive internet value 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 Clients will now not be capable of make any new deposits, enter into new contracts, or improve current margin or by-product positions. Nevertheless, they’ll proceed to cut back or shut their positions, and withdraw their funds from our platform. As additional restrictions are put in place, affected prospects shall be notified accordingly.
Who’s affected?
Two kinds of prospects shall 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 beneath the UK’s Monetary Promotions Order, or different related UK laws. If we perceive you aren’t exempt, you may be notified individually by Bitfinex that efficient from 10 January 2024, you’ll now not be capable of 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 shouldn’t be affected?
In case you are a company UK resident who meets the factors as a excessive internet value firm, unincorporated affiliation or belief, or different relevant exemption, you’ll stay unaffected by these adjustments.
We apologise for any inconvenience this will trigger and admire your assist and cooperation with these issues.
In case you have been contacted notifying you that you’re an affected buyer, or you’ve got any questions or considerations concerning this matter, please attain out to our Buyer Help crew at https://cs.bitfinex.com/OI?topic=UK+restrictions .
