Digital currency exchange Bitfinex can't send wire transfers abroad due to its ongoing banking issues, representatives said today.
Responding to users on Reddit, a rep for the firm said that despite initial signs to the contrary, outbound wire transfers are unavailable in Swiss francs and Hong Kong dollars. Bitfinex later released a formal statement on the matter.
Initially, the rep said, wire transfers denominated in CHF and HKD were going out – but then "the vast majority of these wires were rejected over the course of the last week".
Bitfinex went on to say:
"We were advised by our banks that we would be able to process outbound wires in HKD and CHF, and while we were able to successfully process several such transactions, we are now being told that the moratorium is being extended to these currencies, as well. Domestic transfers in all currencies within Taiwan, however, are working with no problems or delays."
The exchange said that in spite of the wire outage, withdrawals and deposits denominated in digital currencies are still working, as well as domestic transfers.
The disclosure marks the latest wrinkle in Bitfinex’s ongoing banking dispute, which surfaced earlier this month. During the first week of April, the exchange said it was unable to process outbound wire transfers in US dollars due to issues with Wells Fargo, which previously acted as a correspondent bank for the financial institutions Bitfinex works with in Taiwan.
Earlier this week, Bitfinex announced that it would not longer be able to accept inbound wire transfers due to the banking dispute.
Stop light image via Shutterstock
ECB Chief: Bitcoin Not ‘Mature’ Enough for Regulation
European Central Bank (ECB) chief Mario Draghi says that bitcoin and other cryptocurrencies are not mature enough for regulation.
As reported by CNBC, the ECB president made these comments during a
Bitcoin Price Climbs to $6,200 as Record-Setting Advance Continues
Bitcoin’s record-setting run continued on Saturday, as the bitcoin price touched the $6,200 mark to set a new all-time high.
On Friday, bitcoin shocked analysts and investors alike when it made a s
Bitcoin Price Hits New-All Time High at $6,151, Market Gains Confidence
After recording a meteoric rise in value from $5,700 to $6,052, the Bitcoin price has established a new all-time high for the second time this week, at $6,151.
Within the past 12 hours, the Bit
$25,000 Bitcoin Price Prediction is ‘Conservative’: Wall Street Strategist
FundStrat Global Advisor co-founder Tom Lee turned heads when he first predicted that the bitcoin price could reach $25,000 by 2022, but he has maintained this bullish stance even amid the severe down
PlusCoin Loyalty Solution Offers Cashbacks in Cryptocurrency
DS Plus, the leading brand management and loyalty program company, through its mobile platform, is offering exciting incentives to customers. As a part of this program, customers can earn
MicroMoney: Financial Inclusion to the Global Economy for Everyone
When two years ago I found a report by the experts at McKinsey & Company stating that about 2 billion people across the globe today had no access to banking or other basic financial services, I was
Bitcoin smashes through $6,100 to hit a new record high
Bitcoin set a new record high on Saturday breaking through the $6,100 barrier. The cryptocurrency hit an all-time high of $6,147.07 just a day after pushing through the $6,000 mark, according to
Interview: Slovenia’s Grand Plan Aims for ‘National Blockchain Ecosystem’
Recently, Slovenia’s Prime Minister, Miro Cerar, touted the benefits of blockchain technology while speaking at the Digital Slovenia 2020 gathering. Cerar notably stated that the country was becoming