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Crypto Exchange Bitfinex Tells Ontario Customers To Close Accounts After OSC Canada Cracks Its Whip

Bitfinex, the Crypto exchange, has asked its clients in Ontario to withdraw all their funds on or before March 1, 2022, reports the Cointelegraph.
Consumers of Cryptocurrency exchange Bitfinex, based in the most populous exchange in Canada, will no longer access the exchange services from March 1. 
The exchange has given no reason for this step. Bitfinex has asked all its consumers in Ontario to withdraw their funds from the crypto platform by March 1.
From January 15, 2022, the customers without account balances will have their accounts closed. As a result, consumers without open positions on the exchange’s peer-to-peer financing markets will lose access to those markets. Further, consumers without open margin positions will no longer have access to margin or borrowing.
The OSC had declined to comment on the Bitfinex decision, and Bitfinex has also not come out with any more details.
The OSC declined to comment on Bitfinex’s decision, while Bitfinex did not immediately respond t

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