March 4, 2024

Bitfinex Exchange Requests Additional User Information

Cryptocurrency exchange Bitfinex announced that it is strengthening its user identification (KYC) procedures andrequested additional information from clients of the site.

In a letter sent to verified Bitfinex users, it says that KYC procedures have been strengthened so that "the accounts of all clients are at the same level."

Exchange Technical Director Paolo Ardoino emphasized that Bitfinex is working to improve security and maintain the highest standards in user identification:

“We are constantly in contact with users. We can, for example, ask to update documents with an expired expiration date, or to clarify the nature of certain transactions. "

At the same time, according to him, the exchange stores all information about users "on a safe and confidential platform."

“Although we provide limited access tofor users without verification, we must be sure that all customers respect and adhere to our rules, ”said Bitfinex Technical Director.

Recall that in December, the exchange announcedPartnership with the analytical company Chainalysis and the implementation on the site of a solution to track suspicious transactions and comply with regulatory requirements.