Venezuela Bitcoin exchange SurBitcoin has announced it intends to start operating once more within a week. Legal Bitcoin Exchange in ‘Around One Week’ In a statement on its Facebook page, the exchange, which was forced to close at the request of banking partner Banesco, said that the process of finding a replacement had taken “longer than expected.” “Based on the procedures carried out so far and the ongoing discussions with the bank’s management, it is
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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
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Coinbase adds Ethereum, a man learns the consequences of bitcoin fraud, and Surbitcoin unfreezes following a temporary scare. Want to catch up on your latest digital currency news? Take a look at the stories below. Also read: Industry Report: Charlie Shrem Is a Free Man COINBASE Once a primarily Bitcoin-based exchange, Coinbase shocked the world when it announced that leading bitcoin competitor Ethereum would be added to its list of currencies, and the exchange will now
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The country's foreign currency policy has been restricting exchanges for several years now, and since then the only legal method for Venezuelans to get US dollars is through a government agency. Venezuelans can have loads and loads of bolivars (the national currency) and still be unable to buy the sorts of goods that many in the developed world take for granted.