04 Jan Discover to UK Clients

Bitfinex publicizes that it has made the choice to take away the supply of our services and products in the UK for sure prospects, according to 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 internet price’ carries a selected definition underneath the related laws within the UK. In case you are a company UK resident making an utility for verification, we could request additional data from you as a part of your utility in an effort to make sure you meet the eligibility necessities as a excessive internet price firm, unincorporated affiliation or belief, or one other related relevant exemption. 

Discover of elimination of sure companies for present UK prospects

Efficient from 10 January, 2024, sure present UK Clients will now not have the ability to make any new deposits, enter into new contracts, or improve present margin positions. Nonetheless, they’ll proceed to cut back or shut their positions, and withdraw their funds from our platform.

Who’s affected?

Two sorts of prospects might be affected:

1. All present particular person prospects who’re a UK resident; and
2. All present 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 can be notified individually by Bitfinex that efficient from 10 January 2024, you’ll now not have the ability to make any new deposits, create new contracts, or improve present margin positions. Nonetheless, 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 price 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 recognize your help 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 issues concerning this matter, please attain out to our Buyer Help staff at https://cs.bitfinex.com/OI?topic=UK+restrictions .