Cryptocurrencies
Digital Exchange Bitfinex, Under U.S. Scrutiny, Gets ING Account
- Wells Fargo had ended dealings with exchange last year
- U.S. regulator said to send subpoenas to Bitfinex on Dec. 6
Crypto Exchange Bitfinex, Tether Are Said Subpoenaed by CFTC
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Bitfinex, the digital-currency exchange being scrutinized by the U.S. Commodity Futures Trading Commission, opened an account with ING Groep NV after losing its relationship with Wells Fargo & Co. last year.
Harold Reusken, a spokesman for Amsterdam-based ING, said that Bitfinex is a customer of the bank and declined to comment further on the exchange, citing customer confidentiality. He said the bank does more extensive due diligence on cryptocurrency transactions.