Published on May 18th, 2018 | by bitcoin0
Bitfinex Collects Customer Tax Data That it ‘Might Exchange’ with Government Tax Authorities
We have deliberately targeted users that we believe have an obligation to self-disclose.
If a user has _not_ received a message from us, she need _not_ self-certify anything to us at this time.
— Bitfinex (@bitfinex) May 17, 2018 The exchange, which is registered in the British Virgin Islands (BVI), noted that under BVI law it is obliged to report specific information to the BVI government.
According to the letter, Bitfinex “may then exchange” the information with tax authorities in concordance with the US Foreign Account Tax Compliance Act (FATCA) and the Organization for Economic Co-operation and Development Common Reporting Standard (CRS).
At a market capitalization of $686 mln, it is the fourth-largest cryptocurrency exchange globally, trading 77 different digital assets.