Venezuela Police Arrest 4 More Miners, Surbitcoin Sees Bank Account Revoked
Perhaps the biggest announcement is how SurBitcoin saw their bank account being revoked this week. The bitcoin situation in Venezuela seems to be evolving in the wrong direction as of late. After four miners were arrested last week, four others were taken into custody this week. Moreover, the country’s leading bitcoin exchange had its bank account revoked. Things are not looking all that great for cryptocurrency in Venezuela, although bitcoin will find a way to route around these problems. The four new arrests in Venezuela paint a troublesome future for cryptocurrency in the country.....
Related News
SurBitcoin is back in business after suspending its fiat operations for few days due to banking issues. The Bitcoin community in Venezuela has something to cheer about while the fiat economy continues to falter. The largest Bitcoin exchange in the country, SurBitcoin is back in its full operational capacity. SurBitcoin, the Bitcoin exchange operated by BlinkTrade in Venezuela had run into some troubles with its banker, Banesco Bank after the latter froze its business account earlier this month. The loss of banking access had forced the Bitcoin exchange to temporarily halt fiat operations....
On February 3 the Venezuelan Bitcoin exchange Surbitcoin informed its customers services would be suspended temporarily. According to the exchange, Surbitcoin’s banking partner, Banesco, closed the firm’s account. The news comes shortly after the recent crackdown on Venezuelan Bitcoin mining activities in the region. Uncertainty Towards Bitcoin in....
All of these actions are leading to a lot of questions being raised by the Bitcoin community in Venezuela, and some people are worried about whether or not they should get out of digital currency. After all, nobody wants to be arrested for their involvement in digital currency, even though such actions by governments are frowned upon by Bitcoin enthusiasts and industry experts all over the world. Bitcoin usage and adoption seems to be on the rise in certain countries around the world, although that was only a matter of time according to some industry experts. Venezuela is an interesting....
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....
The law enforcement authorities have arrested four Bitcoin miners on charges of committing cyber fraud and theft of electricity. The people of Venezuela have been having a rough time since their economy went into a downward spiral. As the economy continues to worsen, Venezuelans have started to find Bitcoin as an alternative to their worthless bolivars. But the country’s government which failed to manage its economy doesn’t seem too happy about it. Recently, the law enforcement agencies in Venezuela cracked down on Bitcoin miners. The arrests were announced by the director of Cuerpo de....