Bitcoin Exchange Bitfinex Stops Accepting Fiat Deposits

Bitfinex has announced today that bank transfers will no longer be processed, just days after the exchange said there will be USD withdrawal delays, in a development that raises fundamental questions regarding the exchange’s solvency or its ability to continue operating. In a statement, Bitfinex says:

Beginning April 18, 2017, all incoming wires to Bitfinex will be blocked and refused by our Taiwan banks. This applies to all fiat currencies at the present time. Accordingly, we ask customers to avoid sending incoming wires to us until further notice, effective immediately.

The exchange says they are working on “alternative solutions for customers that wish to either deposit or withdraw in fiat,” but this announcement is made just days after Wells Fargo, an intermediary American international bank, stopped processing transfers from Bitfinex’s Taiwanese banks. On April 13th 2017, the exchange stated:

“Bitfinex is currently experiencing delays in the processing of outbound USD wires to customers. The normal channels that we have been operating through in the past are currently unavailable. Alternative channels are being

Read more ... source: CryptoCoinsNews

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