ING Bank Confirmed Bitfinex Account Support

Wells Fargo had ended dealings with exchange last year and U.S. regulator said to send subpoenas to Bitfinex on Dec. 6
21 February 2018   1377

Bitfinex, a large crypto-currency exchange that was in the spotlight of US regulators late last year, opened an account with ING after Wells Fargo refused to service it last year. This is reported by Bloomberg News.

ING spokesman Harold Reusken confirmed that Bitfinex is a client of the bank. He refused to go into details of their relationship, referring to the confidentiality of information, while specifying that the bank adheres to special practices regarding transactions related to crypto-currencies. Reusken did not say anything about Tether, which is connected with the Bitfinex issuer of USDT tokens, which causes a lot of questions in the crypto-currency community. Earlier, BitMEX researchers concluded that Tether money can be kept in Puerto Rico.

With companies that are active in the crypto market we are very reserved. Not with companies that are in traditional markets and receive or do payments with cryptocurrencies, but with parties that are in the chain of cryptocurrencies.
 

Harold Reusken

Spokesman, ING

Bitfinex did not divulge with which banks it operates, after the closure of the account in Wells Fargo. The ING statement is the first confirmation of the relationship between Bitfinex and a large financial company capable of providing storage services.

It is also unclear where Bitfinex was served after the breakdown of relations with Wells Fargo and when this account was opened.

The connection between Bitfinex and ING is interested by Dutch lawmakers. A member of the opposition workers' party, Nank Neybour, asked Finance Minister Vopka Hextra to look into this issue, including explaining why other banks broke off relations with Bitfinex and what measures the exchange and the bank take to prevent the use of their sites by intruders.

Bitfinex to List RSK Infrastructure Framework Token

RSK team from Argentina is developing an open source platform for smart contracts
16 January 2019   374

Bitfinex has added support for the RSK Infrastructure Framework (RIF) token.

Argentine startup RSK is developing an open source platform for smart contracts with two-way binding to bitcoin. Last fall, a startup went under the control of RIF Labs, a company focused on creating a digital infrastructure for digital identification, economic coordination and calculations called RIF OS.

The exchange's blog says that the RIF token created on the RSK platform makes it possible to use services based on the RIF OS infrastructure.

Trading in new assets is possible in Bitcoin and US dollar pairs. Margin trading is not yet available.