Cryptocurrency exchange Bitfinex has just announced a new process for depositing fiat currency after the platform halted the service in recent days.

Announcing the news in a blog post Tuesday, the exchange said the “new, improved and increasingly resilient” deposit system would again allow users who have been verified for know-your-customer (KYC) compliance to top up their accounts with U.S. dollars, pounds Sterling, Japanese yen and euros.

In a previous post on Oct. 5, Bifinex said “processing complications” had caused it to suspend fiat deposits for “certain customer accounts” and “user groups,” last week. It was not made clear what categories of customers it was alluding to.

Continue Reading on CoinDesk

Like this: Like Loading...