Venezuela Shuts Down Bitcoin Exchange, Arrests More Miners

Venezuela Shuts Down Bitcoin Exchange, Arrests More Miners

Venezuela’s largest Bitcoin exchange Surbitcoin is no longer trading locally after its bank suddenly suspended withdrawal and deposit services. Surbitcoin To ‘Establish New Business Structure’. In a statement Thursday, the exchange said it would be forced to cease operations for at least two weeks while it “establishes a new business structure with new improvements and security measures.” Users had only one day to withdraw funds, the February 3 deadline having already passed. Any capital still held faces an “uncertain” future, it is reported, with the two-week offline period was not....


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