On 15th October, Bitfinex, a prominent cryptocurrency exchange, clarified the recent pause of fiat currency transactions on the platform. The main point of discussion occurred when the company revealed that a new and improved fiat deposit system will be available by 16th October. They have explicitly stated that the pause may have caused harm to users but it was done in the light of a few reasons.
Bitfinex said that all cryptocurrency and fiat withdrawals are being processed as usual without the slightest interference. They have also confirmed that the fiat transactions pegged to USD, GBP, JPY, and EUR are being processed as usual. Bitfinex has stated that the main goal of the recent news was to update users that the pause is only ‘temporary’ and only for certain user groups.
https://ambcrypto.com/bitfinex-reveals-the-launch-of-new-fiat-currency-processing-system-news-comes-after-bitcoin-btc-breaks-7000/
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