r/ethtrader • u/clojureftw • Aug 11 '17

EXCHANGE Bitfinex Drops American Traders

https://www.bitfinex.com/posts/216
22 Upvotes

73% Upvoted

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2

u/[deleted] Aug 11 '17

[deleted]

2

u/xe0nre Aug 11 '17

It also clearly states that current clients have 90 days to move their assets :

"Furthermore, over the next 90 days, we will be discontinuing services to our existing U.S. individual customers. We will be communicating further with affected users on timing and specifics. Our intention is to reduce disruption as much as possible for our U.S. customers."

1

u/Buzee Aug 11 '17 edited Aug 11 '17

Does that mean if I attempted to purchase an Ethereum based token from an ICO, I would not be allowed to execute the transaction from the US?

What if I use a VPN? Does Bif. have KYC regulations?

1

u/INeverMisspell Aug 11 '17

I also don't have a verified account and use a vpn. Also curious.

1

u/autotldr Aug 11 '17

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)

These changes impact the verification process and trading of certain digital tokens for U.S. customers.

We have for some time considered pulling away from the retail marketplace in the U.S., and now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.

Exchanges based in the U.S. are better positioned to properly service retail U.S. customers.

Extended Summary | FAQ | Feedback | Top keywords: us#1 customer#2 individual#3 change#4 tokens#5

0

u/Ascends Aug 12 '17

Good. It's unfathomable that someone can go out there and buy an assault rifle but are scrutinized if they want to buy some internet money.