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.