SurBitcoin Suspends Services for the Second Time in One Year
The leading Bitcoin exchange in Venezuela, SurBitcoin has announced a temporary suspension of its service. The disruption of service, happening for the second time in less than a year is due to the refusal of its banking partner to continue offering banking services. SurBitcoin had issued a notice to all its customers asking them to withdraw their fiat and Bitcoin balance on February 3. According to reports, Banesco – SurBitcoin’s banking partner has not offered any explanation for the discontinuation of service. The recent developments are said to be part of the Government’s crackdown on....
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SurBitcoin, the Venezuelan Bitcoin exchange is currently operating in a limited capacity due to few issues with its banking service provider. The limited service is expected to affect the platform’s customers until the issue with the banking providers is sorted out. According to Rodrigo Souza, the Founder and Core Developer at BlinkTrade who took to Reddit to explain the situation — SurBitcoin has suspended fiat operations on the platform at the moment as Bansenco Bank, its banking service provider has frozen the account belonging to it. Attempts to investigate the reasons behind Bansenco....
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....
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....
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....
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....