Bitfinex to Launch Ethfinex Trustless

As reported by the team, Ethfinex Trustless is a decentralized exchange, designed ffor eliminating the problems inherent in centralized exchanges
18 September 2018   992

Bitfinex has launched new Ethfinex-based decentralized platform for cryptocurrencies trading called Ethfinex Trustless.

As the exchange's message says, Ethfinex Trustless is aimed at eliminating the problems inherent in centralized exchanges, such as delays in input / output of funds, long answers from technical support and the possibility of loss of assets as a result of hacker attacks.

With Ethfinex Trustless there are no signups, no deposit or withdrawaldelays and no sacrificing custody of your tokens. Users retain full control of their funds throughout the entirety of the trading experience whilst executing trades against a highly liquid off-chain order book to ensure an entirely seamless trading experience.

Ethfinex Blog

The new site will allow you to make cryptocurrency transactions without going through registration and providing personal data. Also, Ethfinex Trustless will provide access to the trading logs of Bitfinex and Ethfinex, thereby eliminating liquidity constraints.

To connect to the platform, MetaMask, Ledger, Trezor and Keystore wallets can be used.

At first time trading pairs with Ethereum, OmiseGO, Tether and 0X will be available on Ethfinex Trustless. If the launch of the site is successful, Ethfinex Trustless will list 40 more tokens, including pairs with Dai, and transfer the exchange to 0x V2 smart contracts.

Also representatives of Bitfinex reported that owners of the Nectar (NEC) token will be able to make decisions regarding the functioning of the site and its future, including taking part in voting for the listing of tokens.

To do this, within the first two weeks after the launch of the exchange, users will need to have 1 NEC in their Ethereum wallet.

Brazil to Require Exchange to Report on User Transaction

It is reported new rules are aimed at countering tax evasion with cryptocurrency
20 June 2019   109

The Brazilian Federal Revenue Secretariat has obliged both local and international cryptocurrency exchanges to transfer data on user transactions to the agency, Cointelegraph reports.

New rules are aimed at countering tax evasion with cryptocurrency.

In particular, the Secretariat requires local trading platforms to provide information on all transactions of its users, and from global exchanges when the amount of the transaction exceeds 30,000 Brazilian reais (about $ 7,750).

In addition, the exchanges will have to inform the Office of the nationality, place of residence and user registration number, as well as the assets they use.

New rules will come into force in September 2019.

Earlier in June, it was reported that the J5 Group created by the tax authorities of the USA, Australia, the UK, Canada and the Netherlands is currently investigating 60 major international schemes for tax evasion using cryptocurrency.