Crypto exchange Bitfinex testing new AML compliance tool
Launched in production in 2020, Notabene’s Travel Rule solution now processes transactions among 50 crypto exchanges. Cryptocurrency exchanges Bitfinex is preparing to test out a new Anti-Money Laundering (AML) tool on its platform.The firm announced Wednesday that it will be testing a new solution designed for complying with the “Travel Rule,” an AML and Counter Financing of Terrorism regulation for financial institutions introduced by the Financial Action Task Force (FATF) in 2019.Bitfinex partnered with compliance startup Notabene to implement its software-as-a-service solution to....
Related News
Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March.
Bitfinex Stops Providing Services to Ontario Customers
Crypto exchange Bitfinex announced Friday that it is making changes to the services it provides to Ontario customers.
Effective immediately, the firm said that “Ontario customers who do not have balances on the platform will have their accounts closed.”
In addition, those who do not have open positions in the....
Crypto exchange Bitfinex is now venturing into TradFi with its latest launch of Bitfinex Securities. The new trading platform, as the name suggests, will allow companies to directly list tokenized versions of their shares, bonds, and other funds to raise capital. Bitfinex users will have access to buy and sell these tokenized securities. But similar […]
BitFinex has just been hacked. They lost their hot wallet to a malicious actor. However, due to security practices only a relatively minimal amount has been lost. BitFinex keeps over 99.5% of its customers deposits in secure multisig wallets, so only 0.5% at most was lost. BitFinex is a digital currency trading platform and states itself as currently in a beta phase (testing phase), though they have been in the market for a while now. They have a notable amount of trade and are considered by many to be one of the market leaders. Customers are being asked to cease depositing cryptocurrency....
Bitfinex has announced that it has formally signed a letter of intent with the online investment platform BnkToTheFuture to provide solutions towards compensating customers with equity in Bitfinex. The BnkToTheFuture platform for financial innovation and technology investment opportunities will be providing a Special Purpose Vehicle (SPV) through which qualifying BFX token holders can contribute their tokens in exchange for an equity interest in compliance with their individual jurisdictions. Exchanging BFX tokens for equity in iFinex Inc. Following a hack on its system on August 2 and....
Cryptocurrency exchange Bitfinex launches a new authentication standard for online payments service Bitfinex Pay. In an effort to increase customers' security and privacy on its platform, cryptocurrency exchange Bitfinex has announced the adoption of open authentication standard universal second factor (U2F) within its merchant payments service, Bitfinex Pay.The move enables the capacity for online stores and merchants adopting the Bitfinex Pay widget to receive payments for goods and services in a range of crypto assets, including Bitcoin (BTC), Ether (ETH), Lightning Network BTC (LN-BTC)....