Bitmex to Cease Service for US & Quebec Customers

This is the result of the regulators' actions against unlicensed exchanges
15 January 2019   364

BitMEX Bitcoin Exchange deactivates trading accounts of customers from the United States and the Canadian province of Quebec, reports South China Morning Post.

This is due to the increasing struggle of regulators with unlicensed cryptocurrency platforms. In particular, the Quebec financial regulator (Autorité des marchés financiers, AMF) at the beginning of 2018 notified the exchange of the need to stop serving the residents of this province, since the trading platform does not have the necessary permits.

BitMEX is not registered with the AMF and is therefore not authorised to have activities in the province of Quebec.We informed this company that its activities were illegal.


An AMF spokesman added that all user accounts from Quebec were immediately closed.

The US Securities and Exchange Commission (SEC) has not yet commented on the information related to BitMEX. The head of the exchange, Arthur Hayes, also declined to comment.

Over the past year, the total trading volume of BitMEX was $ 965 billion. The commission income allows the exchange to rent the entire 45th floor of the Hong Kong Cheung Kong Center with a total area of ​​20 thousand square feet. According to the South China Morning Post, the rental price is $ 600 thousand per month.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   83

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.