Dear Customer,
*Please be advised that as of January 29, 2025, Travel Rule data \u003cmark\u003ewill be shared when sending cryptocurrencies of $1,000\u003c/mark\u003e in value or more to Virtual Asset Service Providers (VASPs) via API.
\u003cmark\u003eAny request that does not provide the required information will be rejected.\u003c/mark\u003e
If you or your organization currently use these endpoints and intend to send cryptocurrency withdrawal requests with a value of $1,000 or more, you must review the API documentation and update your API client code before this date to avoid any disruption.
If you would like to learn more about the Travel Rule for API withdrawals, please visit https://docs.bitfinex.com/docs/withdraw-requests-and-the-travel-rule.
The Travel Rule is a regulatory requirement for cryptocurrency transactions to prevent money laundering and terrorist financing and improve transparency of transactions between VASPs.
The information we will submit includes \u003cmark\u003ethe amount, asset, transaction hash, blockchain addresses, and originator and beneficiary VASP identification\u003c/mark\u003e to Third-Party Services that offer Travel Rule compliance solutions.
These parties, in turn, will make that information available to VASPs, such as an exchange, as appropriate.
For individuals (natural persons) involved in the transaction, the shared data will also include \u003cmark\u003etheir name, address, official identification number (passport, national ID, or driver’s license), and date of birth\u003c/mark\u003e.
For entities (corporate accounts), the shared information includes the entity’s name, address, and government identification number (tax ID, legal entity identifier, or registration number).
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If you have any questions, you can contact the customer support team here.
Kind regards,
Bitfinex
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