Bitfinex sends letters to some of its clients where there is information that they are obliged to disclose their income, the stock exchange also informs that it must provide the government with this information
We have not sent this message to all users. We have deliberately targeted users that have to self-disclose. If a user has _not_ received a message from us, she need _not_ self-certify anything at this time.
– Bitfinex (@bitfinex)
The stock exchange, which is registered in the British Isles (BVI), declares that, in accordance with the law, BVI is required to provide the BVI government with detailed information about customers. According to the letter, Bitfinex may then exchange information with tax authorities in accordance with the United States Foreign Conformity Act (FATCA) and the Organization for Economic Cooperation and Development of the Common Reporting Standard (CRS)
With the expiration of the deadline for sending information by May 24, customers, in accordance with the notification, must complete self-assessment forms depending on whether they are natural persons or entities and whether they are residents or citizens of the United States.
“If you are a US citizen (ie a US resident, a US citizen or an organization organized in the United States) or an entity with at least 25% + owner who is a US person, fill out the appropriate FATCA form. Otherwise, fill in the appropriate CRS form ”
The message has been confirmed by the Bitfinex Twitter account after the new exchange policy has been disclosed by the whalepool cotchette commentator:
“We did not send this message to all users. We chose users who in our opinion have an obligation to settle their income ”