Bitfinex team, known for its opaque banking operations, began to demand from users to provide tax data. Platform registered in the British virgin Islands, known for a shelter for tax evaders, will retain this information and can share it with tax authorities in the jurisdictions of their customers. The news caused quite a stir and the dissatisfaction of the users of the site.
In the email sent to some users, Bitfinex has outlined a new policy KYC. Now, in addition to ID and location data of customers, the exchange also wants to tax the user data. The letter noted that the requirement is legally binding in accordance with the local laws of the British virgin Islands, where the exchange. However, the collection of data exchange is not limited. The letter notes that the platform «can share this information with the tax authorities of the country of residence of the client.»
A few months ago on the stock exchange was not even implemented the basic rules for KYC. Now, it seems, the platform begins to lose its status as the least-regulated platforms among the largest exchanges. After Twitter was published
the new policy of the Bitfinex exchange has clarified its position:
«We sent this message to all users, but only to those who in our opinion have to comply with their tax obligations to the state. If the user does not receive an email from us, it should not provide us any data.»
However, community members were not satisfied with the response and believe that in the future all users will be required to comply with the new policy of the exchange.
As expected, many customers Bitfinex announced their desire to boycott the platform and start trading elsewhere. Users of cryptocurrency already are among the most thoroughly studied investors in the world due to increased regulation and transparency inherent in the technology of the blockchain. Many believe that the new policy Bitfinex, regardless of its legal base, has gone too far.
Despite his attempt to work within the legal framework, Bitfinex over the last year has been at the center of a legal scandal. Recently, pad has accused
of involvement in money laundering in Poland, a scandal
around the when the largest cryptocurrency exchanges and of the project «virtual dollars» Tether broke out in November last year. Doubts about the adequacy of security real foreign exchange reserves of tokens USDT appeared a few months before beginning wide-ranging discussions, however, since the beginning of December, the events began to gain momentum, and many still doubt the legitimacy of the operations of the site.