Taiwanese local exchange Bitgin announced today that it will transform into a cryptocurrency exchange specializing in serving corporate clients. Starting from January 5, 2024, the platform will cease to provide existing services to individual users, including deposits and withdrawals of New Taiwan Dollars and cryptocurrencies, as well as services related to strategy robots.
(Prior Summary:
“88 Mansion Money Laundering Case”: Bitgin warns peers in the exchange industry to be cautious when buying USDT through OTC channels.
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(Background Supplement:
“88 Mansion Money Laundering Case”: The COO of Taiwan Exchange is also under custody! Is it related to cryptocurrencies?
)
Taiwanese local exchange Bitgin announced today that it will transform into a cryptocurrency exchange specializing in serving corporate clients. Users are reminded to withdraw their New Taiwan Dollar and cryptocurrency assets from the platform before January 31.
The following is the full announcement from Bitgin:
Dear BITGIN customers,
First of all, we sincerely thank you for your trust and support in BITGIN. We have been committed to providing the best services and continuously innovating in the field of cryptocurrency trading. Today, we would like to share an important development with you.
BITGIN’s New Beginning: After careful consideration, BITGIN will transform into a cryptocurrency exchange specializing in serving corporate clients. This change represents the start of a new journey for us, dedicated to providing more professional and customized services to corporate customers.
Impact on Individual Users: Due to this transformation, starting from January 5, 2024, we will cease to provide existing platform services to individual users, including deposits and withdrawals of New Taiwan Dollars and cryptocurrencies, as well as services related to strategy robots. Please refrain from depositing New Taiwan Dollars or cryptocurrencies into your BITGIN account starting today.
Impact on Users Under Enhanced Review: Users under enhanced review will have their account trading, withdrawal, and login functions temporarily suspended. The account functions will be reopened after the enhanced review is completed, allowing you to withdraw remaining assets.
Protecting Your Assets: Ensuring the security of your assets is our top priority. You can withdraw your New Taiwan Dollar and cryptocurrency assets from the platform through the BITGIN website or app before January 31, 2024. Please note that only Polygon Tether (USDT) withdrawals are supported for USDT withdrawals, and withdrawal requests for other types of chains will be automatically rejected by the system.
Your Personal Information: According to legal requirements, we will continue to keep your personal information for 5 years after closing your account (calculated from your last operation time), after which we will remove your personal and account information from the system.
Next Steps: After 12:00 AM on February 1, 2024, we will take a snapshot of all user balances and notify you of the subsequent withdrawal methods via email.
We understand that this change may cause inconvenience, and we appreciate your understanding and support. We promise to provide necessary support during this transition period to ensure the security of your assets.
Thank you for your support, and we look forward to continuing to serve you on this new journey.
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“88 Mansion Money Laundering Case”: The COO of Taiwan Exchange is also under custody! Is it related to cryptocurrencies?