eosfinex empowers users with hybrid, non-custodial access to Bitfinex’s services and liquidity pools.
Through eosfinex, users can interact with a responsible market participant that is committed to both sustainable growth and adherence to applicable compliance laws.
By enabling participants to transfer value quickly, securely, and cheaply, digital tokens and blockchain technology offer many novel use-cases. However, this same technology can be used by malicious actors to facilitate money laundering, terrorist financing, and the circumvention of sanctions laws. This has caused global governance organizations and domestic regulators to craft and enact applicable anti-money laundering (AML), countering the financing of terrorism (CFT), and sanctions laws (collectively, Compliance Laws).
Compliance Laws have come into effect in various jurisdictions, including major digital token markets. For exchange operators who take the safety of their users’ funds seriously, abiding by the applicable Compliance Laws is of vital importance. Moreover, the detection and deterrence of criminal activity across digital token networks will allow the sector to continue gaining adoption. By providing a hybrid, non-custodial service, eosfinex allows users to access Bitfinex’s large liquidity pools while custodying their own digital tokens. To prevent being a safe-haven for criminals, this technology and design can provide law enforcement investigators with a transparent source of information.
From time to time, Bitfinex will comply with law enforcement requests for information which follow the appropriate legal process. For more information please see: https://www.bitfinex.com/legal/law_enforcement_requests_policy