The Hong Kong-based cryptocurrency exchange Bitfinex has sent its users a letter with a request to provide information about their tax residency. The information was officially confirmed by representatives of the site.

Bitfinex is now requiring users to give their tax information so that it can send it to the BVI which will exchange it with your country’s tax authorities.

We strongly disavow.

If you also disagree with this decision, peacefully protest it by withdrawing your money from Bitfinex

— Whalepool (@whalepool) may 17, 2018

Requirements Bitfinex are consistent with the laws of the British virgin Islands, obliging it to transfer to the government information about specific accounts.

“Subsequently, information may be transferred to the tax services of the country of residency of the client in accordance with the laws of the British virgin Islands, the Law on tax compliance of foreign accounts of the United States (FATCA) and common reporting standard the Organisation for economic cooperation and development (CRS)”, the letter reads.

However, Bitfinex said that the letters received, not all users of the exchange.

“If the user does not receive a message from us, at the present time it is not necessary to fill out a form self-certification”, — says the exchange.

The same users that received the email should provide the necessary information within a week.

Recall that in late March the exchange Bitfinex announced plans to move to the Swiss city of Zug.

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